Karachi: UBL Fund Managers Limited (UBL Funds), managing UBL Stock Advantage Fund (equity fund), received the Management Association of Pakistan’s (MAP) Top Corporate Excellence Award 2014 in the Financial Sector. They are the First and Only Asset Management Company* to have received this award, keeping up its reputation of being one of the leading Asset Management Companies in Pakistan. The award was received by Mir Muhammad Ali, CEO UBL Fund Managers Limited, from the President of Pakistan at the MAP Annual Corporate Excellence Award Ceremony.
The ceremony was held at the Sindh Governor House and was attended by President Mamnoon Hussain, Governor Sindh Ishrat-ul-Ebad Khan, President of MAP and senior executives from the corporate sector.
On accepting the award, Mir Muhammad Ali, CEO UBL Fund Managers Limited, said “It is a great achievement for us at UBL Fund Managers Limited to have won this award amidst intense competition with leading banks. We thank our Investors, Business Partners and other stakeholders in helping us achieve this recognition.”
He added that “Our biggest stakeholder i.e. our investors should take comfort from this, knowing that their investments are in safe hands and being managed diligently.”
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 the entire Financial Sector of Pakistan, comprising of prestigious financial institutions, banks, insurance companies as well as asset management companies. 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 Fund Managers Limited clearly stood out in the Financial Sector for its Excellent Corporate Governance and best management practices i.e. robust compliance and Risk based Audit framework. Previously UBL Fund Managers was awarded “Top Ten Rising Star Award” in Internal Audit by a US based International Consulting Firm in 2013 and was also the first asset management company in Pakistan to be GIPS Compliant. UBL Fund Managers Limited is ranked no 1 by AC Nielsen in terms of top of the mind recall. The Company is also the pioneer in launch of internationally renowned CPPI based principal protected funds in Pakistan and has a sound and professional track record of over 12 years as one of the leading Asset Management Companies in Pakistan which has now been recognized by MAP’s Top Corporate Excellence Award.