Sima Kamil appointed UBL chief executive

KARACHI: The board of directors  of the United Bank Limited  (UBL) has appointed Sima  Kamil as the UBL president  with effect from June 1, a  bourse filing said on Monday.  Kamil is currently serving as  the deputy chief executive officer  of UBL and will be assuming  the position of president  and CEO of the bank following  expiry of the tenure of contract  of the existing president Wajahat  Husain (which expires on  May 31) subject to the central  bank’s fit and proper test clearance.  The bank, in a notification  sent to the Pakistan Stock  Exchange, said its board held a  meeting onMarch 24, regretting  thatWajahat Husain is not seeking  extension in his contract for  personal reasons.  The board appreciated and  recognised the efforts of Husain  as an effective leader.