The Board of Directors of UBL Fund Managers Limited (UBL Funds) announced the appointment of Yasir Qadri as the new Chief Executive. Qadri takes over the Company from outgoing CEO Mir Muhammad Ali, who served UBL Fund Managers for more than a decade. Under his tenure, assets under management of UBL Funds grew from Rs 4 billion to over Rs 60 billion. After taking the company to such great heights, Ali has decided to pursue his own ambitions.
Qadri has been associated with the asset management industry for the past 16 years, last serving as CEO of MCB-Arif Habib Savings & investments Ltd. He has also served as a Council Member of the Pakistan Advertisers Society (PAS) and has actively served on various pan-industry committees. Qadri is also a regular speaker in seminars and conferences on industry issues. "This is an exciting new beginning and I look forward to working with the stand-up team of professionals at UBL Funds. I'd also like to extend my best wishes to Mir for his future plans," said Qadri.
The new CEO has also been associated as visiting faculty for graduate and undergraduate classes with leading educational institutions of the country and serves on the consultative group for capital markets set up by the Securities and Exchange Commission of Pakistan. He has earned an MBA and a BBA degree from the University of Central Oklahoma, US. Outgoing CEO Mir Muhammad Ali was the founding member of UBL Fund Managers, which is one of the first Asset Management Companies to be set up by any commercial bank in Pakistan. He also executed Pakistan's first listed asset-backed securitization transaction. Ali said, "UBL Funds is poised to grow to greater heights and has a very capable senior management team in tact to carry it forward. I am sure that Yasir and the team will complement one another well and that UBL Funds has an even brighter future in store. With such strong personal association, I will always wish the company all the very best."-PR
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