New York, 14 June 2024 — SIMA Funds, a leader in impact investing, is pleased to announce the appointment of Samit Ghosh to its Advisory Board. Ghosh, the Founder and Non-Executive Board Chairman of Ujjivan, is known for his visionary leadership and has a distinguished career spanning four decades in the financial sector. His role in shaping Ujjivan Financial Services and Ujjivan Small Finance Bank has been pivotal, making significant strides in financial inclusion.

Having started his financial journey at Citibank NA, Ghosh has shown expertise across various institutions, including Arab Bank P.L.C. and Bank Muscat S.A.O.G., where he developed a niche in investment banking and corporate finance. His influence extends to regulatory frameworks within the microfinance industry and advocacy for policy reforms, ensuring financial empowerment for all.

SIMA Funds’ CEO, Asad Mahmood, stated, “Samit Ghosh’s profound experience and dedication to financial inclusion are of great value to our board. His expertise will greatly contribute to our continued mission of creating impactful investment opportunities with managed risk.”

About SIMA Funds

Established in 2015, Social Investment Managers and Advisors (SIMA) is an SEC-registered investment and advisory firm co-founded by Asad Mahmood and Michael Rauenhorst. The firm has a notable track record of investing over $2 billion in social enterprises globally, spanning 50 countries. SIMA focuses on managing assets, providing advisory services, and establishing social businesses, promoting investments that achieve financial, social, and environmental goals. It prioritizes sectors such as solar energy, financial inclusion, and affordable housing in developing areas, driving investments that mitigate risk and generate sustainable impact.

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