UBL Fund Managers and HSBC Pakistan marked the beginning of a business partnership by signing a distribution agreement whereby HSBC will be offering investment products managed by UBL Fund Managers to its clients under the umbrella of its Wealth Management Services.
The signing ceremony for the agreement was held at the HSBC Head Office in Karachi. This was the first time that HSBC Pakistan has collaborated with an Asset Management Company in Pakistan to provide their client base with modern investment solutions in the form of mutual funds and investment plans.
The HSBC Group is one of the largest and most recognised global financial institutions. HSBC Pakistan began its operations in 1982 and currently has 12 branches in major cities of Pakistan. By including UBL Funds investment products to their product portfolio, HCBS is expanding the investment opportunities that clients can benefit from.
Muhammad Tahir Sadiq, CEO HSBC Pakistan commented on the occasion saying that, "we believe in offering a complete range of financial products and services to our clients. Our partnership with UBL Fund Managers will allow us to expand the range of investment solutions that will now be available to them. UBL Fund Managers has a proven track-record of managing open-end funds in Pakistan and the mutual funds managed by the company are amongst the top performing funds in their respective categories. We are extremely delighted over this partnership and truly believe in the value this will add to the portfolios of our client base."
The CEO of UBL Fund Managers, Mir Muhammad Ali, CFA also spoke at the occasion saying that, "The partnership with HSBC is a matter of great pride for UBL Funds. HSBC is a premier global bank and to be selected by them to provide asset management services to their clients is a reinforcement of the value that UBL Fund Managers believes in providing to its investors."-PR