JS Bank has joined hands with JS Investments for a dedicated distribution partnership where JS Investments' mutual funds will be available at selected branches of JS Bank across the country. According to a press release issued here on Monday, this arrangement will provide ease and convenience for the clients who want to invest in JS Investments Mutual Funds and Pension Funds.
The distribution agreement between the two companies was signed by Kalim-ur-Rahman, the President and CEO of JS Bank and Rashid Mansur, CEO, JS Investments. Members of the senior management of both organisations were also present on the occasion. While congratulating both the teams at the signing ceremony, Kalim-ur-Rahman, commented, "The coming together of JS Bank and JS Investments in this strategic alliance is a partnership of companies both of whom have a proven track record of performance. Through our partnership with JS Investments, we are now in a position to offer a broader array of investment products to our customers across Pakistan, which we hope to leverage as a key competitive advantage in the days ahead."
On the occasion, Rashid Mansur CEO, JS Investments added, "We are very pleased at the successful initiation of the distribution partnership between the two group organisations. JS Investments is the oldest and one of the largest private sector asset management companies in Pakistan, and offers an extensive suite to its investors, which includes 12 Mutual Funds, 2 pension funds and several separately managed accounts. We are excited to be part of this strategic alliance which will offer our clientele exceptional services and great investment opportunities with competitive returns".
Speaking at the occasion Kamran Jafar, SEVP - Group Head, Retail Banking, JS Bank commented, "This joining of hands between both JS Group organisations will form an integral part of our ever growing retail product suite and will provide our valued customers with a range of financial solutions. With over 150 online branches, JS Bank has been one of the fastest growing banks in the country. Our rapidly expanding retail presence will ensure that our strategic alliance with JS Investments yields great results for both organisations as well as for growing clientele across Pakistan."
Commenting at the signing ceremony, Maleeha Mimi Bangash, Chief Strategy Officer (CSO), JS Investments, elucidated on the agreement, "Being part of JS Group, one of the largest financial services groups of the country; both JS Bank and JS Investments are in a strong position to create synergies for the benefit of their customers.-PR
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