In a ceremony held recently at the head office of ABL Asset Management, a Trust Deed was signed between ABL Asset Management Company Limited (ABL AMC) and MCB Financial Services (MCB FS) through which ABL AMC appointed MCB FS as Trustee for its upcoming ABL AMC Capital Protected Fund.
Farid Khan, Chief Executive Officer signed the agreement on behalf of ABL AMC, whereas Khawaja Anwar, Chief Executive Officer signed the agreement on behalf of MCB FS. Senior management of both the institutions were present during the ceremony. Speaking on the occasion, Farid said that ABL AMC is continuously striving to offer new products to its investors and the upcoming fund is part of that endeavour. Khawaja expressed gratitude over this appointment and said that the collaboration of the two institutions is a good omen for the fund management industry. ABL AMC is a wholly owned subsidiary of Allied Bank Limited. It is one of the largest private asset managers in Pakistan with assets under management of over Rs 22 billion.-PR
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