The Board of Directors of United Bank Limited, in its meeting held on March 24, 2017, regretted to note that Mr. Wajahat Husain, President & CEO UBL is not seeking an extension in his contract for personal reasons. The Board recognized and appreciated efforts of Mr. Husain as an effective leader. The Board of Directors of United Bank Limited (UBL), in the said meeting accorded its approval for the appointment of Ms. Sima Kamil as the President and CEO of UBL with effect from June 1, 2017.

Ms. Sima Kamil is currently serving as the Deputy CEO of UBL and will be assuming the position of President & CEO of UBL following expiry of tenure of contract of the existing President & CEO, Mr. Wajahat Husain (which expires on May 31, 2017), subject to SBP's Fit & Proper test clearance.