The Federal Cabinet is set to approve the appointment of Sima Kamil, former President and CEO of United Bank Limited (UBL) as Deputy Governor, State Bank of Pakistan (SBP).

As per reports, the federal cabinet meeting being held today ( Tuesday) will approve the appointment of Kamil.

Sima Kamil enjoys an extensive experience in Pakistan’s banking industry, back in 2017, she became the first woman to be the CEO of a major bank in Pakistan, after she was appointed as the chief executive officer and president of United Bank Limited.

Kamil had also lead Habib Bank Ltd's (HBL) Branch Banking since 2011 and oversaw a large expansion of HBL's branch network. She dealt with HBL's retail, consumer, small and medium enterprises, and rural banking initiatives, as well as the bank's wealth management division as head of the HBL Asset Management Company Ltd.

She had previously been associated with the microfinance industry as a director of the First MicroFinance Bank. Kamil also has experience at international financial institutions, including American Express, a financial services company, and Standard Chartered Bank.

Kamil has a business degree from Kingston University in the UK and an MBA from the City University, London.