- The Awards recognize top 100 companies with leading-edge IT practices and measurable results, globally.
- UBL Fund Managers stands recognized for its overall innovative use of Information Technology, especially in areas of value added services and operational excellence.
- UBL Fund Managers is the only organization representing Pakistan at 2016’s most prominent Information Technology Awards.
PAKISTAN KARACHI—June 04, 2016—International Data Group’s CIO announced UBL Fund Managers, a leading asset management company, as a recipient of the 2016 CIO 100 Awards*. The 29th Annual CIO Awards recognize organizations around the world that exemplify the highest level of operational and strategic excellence in information technology.
UBL Fund Managers stands recognized, in large part, for its designing and development of integrated asset management software: imPro. imPro is UBL Funds’ processes improvement software and has played a vital role in providing instant key solutions for customers, and cost effective back-end and front-end office support. Efficient and lower management costs are also key features of this software.
“Delivering innovation and business value are top priorities for CIOs everywhere, and our CIO 100 awards program celebrates the leading IT organizations that excel at both,” said Maryfran Johnson, Editor in Chief of CIO Events. “Our 2016 winners are raising the bar even higher this year with their outstanding work in digital transformation, customer focus and IT-business collaboration.”
Elated with the win, M. Rehan Qadri – CIO 100 Honoree on behalf of UBL Fund Managers’ Chief Technology Officer and recent winner of Pakistan Software Houses Association’s CIO of the Year Award – said, “Providing innovative and high-end online customer services has always been a priority for us. imPro has become a way of life at UBL Funds and our Smart Savings mobile application is an exemplary benchmark in the asset management industry of Pakistan. It has not only made investment transactions easy and quick, digitally, but also accessible for users on-the-go, 24/7!” He further added, “The deployment of imPro has modernized our management and operations not just within the organization, but for our customers as well. With this Award, we are more determined to continue setting new benchmarks in the financial industry as market leaders in facilitating customers with new conveniences through technology.”
UBL Fund Managers is the second largest Asset Management Company (AMC) in the private sector in Pakistan, managing assets of approximately Rs. 65.29 Billion (as of 31st May 2016). It is also the first AMC in Pakistan to introduce a mobile app for mutual funds management and a recent winner of the P@SHA ICT Awards 2015** for ‘Best in Service Innovation’.
Executives from the winning companies will be recognized at The CIO 100 Symposium & Awards Ceremony, to be held Tuesday evening, August 16th, at the Terranea Resort in Rancho Palos Verdes, California.
About the CIO 100
Recipients of this year’s CIO 100 Award were selected through a three-step process. First, companies filled out an online application form detailing their innovative IT and business initiatives. Next, a team of external judges (many of them former CIOs) reviewed the applications in depth, looking for leading-edge IT practices and measurable results. Finally, CIO editors reviewed the judges’ evaluations and selected the final 100.
Coverage of the 2016 CIO 100 Awards will be available online at CIO.com on August 1, 2016 and in the August issue of CIO’s digital magazine.
About UBL Fund Managers Limited:
Established in 2001 and regulated by the Securities and Exchange Commission of Pakistan, UBL Funds has been offering its products and services to investors in Pakistan for over a decade and since 2011 has presence in the Middle East as well. With AUMs of Rs. 65.29 Billion as of May 31st 2016 UBL Funds is one of the leading Asset Management Companies in Pakistan. It has also been given the High Management Quality Rating of AM2++ by JCR-VIS Credit Rating Company which is currently the highest management quality rating assigned to any AMC in Pakistan.
Disclaimer: All investments in mutual funds & pension funds are subject to market risks. Past performance is not necessarily indicative of future results. Please read the Offering Document(s) to understand investment policies and risks involved. Withdrawal from pension funds before retirement shall have tax implications.
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