Press Release: Acumen, a nonprofit global venture fund changing the way the world tackles poverty, has appointed Naeem Zamindar as new Pakistan Director.

Naeemhas over 25 years experience, starting as an auditor and moving on to successfully develop large business opportunities in mobile, broadband, mobile financial services, and information technology.At Intel Capital in Silicon Valley, Naeem successfully worked on venture capital investments in 29 high-growth companies primarily in the wireless broadband space. In Pakistan, he held the role of CEO of Wateen Telecom, where he restructured the publicly listed company, turned around the business and repositioned it for growth. He was also a founding member of Pakistans leading telecom company Mobilink and, as a part of the senior leadership team, was responsible for scaling theorganization from 2 million to 32 million customers and launching the broadband business division.Naeem was certified as a CPA in the United States and has an MBA from INSEAD.

“I am passionate about enabling a progressive and prosperous Pakistan, and Acumen has the will and ability to enable that vision,” Naeem said. “Accelerating the rate of innovation enabled by Acumens commitment and expertise in developing companies, leaders and ideas to focus on lifting the lives of the poor will enable our vision of a more inclusive world. I am very excited about working with this world-class team inspired by this common vision.”

About Acumen

Acumen is working to change the way the world tackles poverty by investing in companies, leaders and ideas. We invest patient capital in business models that deliver critical goods and services to the worlds poor, improving the lives of millions. Since 2001, Acumen has invested more than $88 million in 82 companies across South Asia and Africa. We are also working to build a global community of emerging leaders that believe in creating a more inclusive world through the tools of both business and philanthropy. Learn more atwww.acumen.organd on Twitter@Acumen.

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