PAKISTAN, Karachi, 13 December 2016: UBL Fund Managers Limited (UBL Funds), one of Pakistan’s leading asset management companies, has been recognized for its ImPro Application under the category of the Financial Industry Application by APICTA – Asia Pacific ICT Alliance. UBL Funds beat the financial applications of Singapore, Hong Kong, China, Malaysia, Vietnam and Chinese Taipei to grab the silver award at Asia-Pacific ICT Awards 2016 –dubbed as the ‘Oscars of the ICT arena’ held in Taipei, Taiwan.
In its esteemed global awards for 2016, Asia Pacific ICT Alliance recognized organizations from17 countries in 17 different categories. More than 60 judges finalized the winners out of 238 teams fitting the criteria of technology, innovation, capability and adoption. The President of Republic of China (Taiwan) also graced the event with his presence.
Elated on this achievement, Rehan Qadri, founder of the application and Chief Technology Officer of UBL Funds, stated “ImPro enables the organization to reduce the five days processing time to two days which improves the operational efficiency and significantly cuts down transaction costs. UBL Funds has always emphasized on innovation with world class services. Being the pioneer of such application in the asset management industry not just gives us the confidence to provide more for our customers but position us as a market leader in modernization”. He further added “We are pleased to be recognized by APICTA and with this recognition we ensure to offer more unique services for the convenience of our investors. UBL funds believe in providing best investment opportunities to the masses with least complex procedures”
Pakistan won 3 Gold Awards and 6 Silver Awards at the ceremony held in Taipei, Taiwan. Mr. Rehan Qadri Chief Technology Officer UBL Funds attended the ceremony and received a silver award on behalf of his organization.
UBL Fund Managers has bagged a number of recognitions and awards, not just locally, but globally as well, for its outstanding fund performance, customer service, and innovation in Pakistan’s asset management industry. It is the only AMC in Pakistan to be recognized by International Data Group’s CIO Magazine as one of the CIO 100 2016 Award winners (cio.com), who are considered the top 100 companies in the world for leading-edge IT practices and measurable results. It is also a winner of the P@SHA ICT Awards 2015 (http://pashaictawards.com/)for ‘Best in Service Innovation’. UBL Funds has also been awarded The Most Customer-Centric Asset Manager in Pakistan by The European in its prestigious Global Banking & Finance Awards 2016 (http://www.the-european.eu).
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 PKR 75.64bn as of 30th November 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.
APICTA – Asia Pacific ICT Alliance, is an alliance of national ICT organisations representing their respective economy to build and enhance a mutually cooperative network to promote ICT, enhance technology innovations, capability and adoption, and encourage the development of indigenous ICT solutions for the global market.
Information and Communications Technology (ICT) have had a significant impact in the way we communicate, work, live and play. It is key to entrepreneurial and economic growth as well as wealth creation in our knowledge-based economies. With the recognition of ICT as a fast growing, pervasive and ubiquitous activity and industry to support the economy’s growth agenda, APICTA epitomises the mutual collaboration of economies coming together and working to further recognise this important phenomenon.