PAKISTAN, Karachi, 02 March 2017: UBL Fund Managers Limited (UBL Funds), managing UBL Stock Advantage Fund (Equity Scheme), has received the Management Association of Pakistan’s (MAP) Corporate Excellence Award in the Other Financial Services Category, making us three time winners at the Awards (source: mappk.org). With this, UBL Funds holds its position as the First and Only Asset Management Company in Pakistan to win a Corporate Excellence Award. The Award was received by Mr. Yasir Qadri, CEO UBL Funds, from Mr. Rasheed A. Rizvi, President Supreme Court Bar Associations of Pakistan, at a ceremony held at the Marriott Hotel, Karachi on 28th February, 2017.
Accepting the award, Mr. Qadri said, “We are pleased to be honoured by MAP for the third year in the row.” He further added, “This recognition is a clear depiction of the relentless efforts of our employees, who have been working day in and day out to bring notable innovation, especially in the digital world to provide world-class customer services.”
The Corporate Excellence Award was instituted by MAP in 1982 with the sole aim to recognize and honour companies showing outstanding performances and demonstrating progressive and enlightened management practices.
The Award reflects that the Company has the best Corporate Practices and Governance in management of the UBL Stock Advantage Fund – its equity fund that has consistently produced competitive returns for its investors. The primary criteria for this Award emanates from best Corporate and Management practices reflected by Leadership, Corporate Governance, Customer and Market Focus, HR, Strategic Planning and Communication, Social Responsibility, Risk Management, IT Infrastructure, Service Delivery and Security.
UBL Funds continues to be recognized in the Financial Services Category for its excellent corporate governance and best management practices, i.e. robust compliance and risk-based audit framework.
UBL Funds has recently received a number of international nods for its innovations in the financial sector including awards at the Financial Industry Application by APICTA – Asia Pacific ICT Alliance, Taiwan, CIO 100 Award, California, USA, and Digital Edge 50 Award, Florida, USA. (Source: http://www.ublfunds.com.pk/individual/awards/)
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 one and a half decades and, since 2011, has presence in the Middle East as well. With AUMs of PKR 78.88 bn as of 31st January 2017, 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.
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