PESHAWAR: The Bank of Khyber (BoK) on Monday announced a partnership with ABL Funds for the distribution of ABL Asset Management Mutual Fund Units through BoK’s Branch Network.
A press release said a memorandum of understanding was signed by Zarak Khan, head Liability & Business Development Division, BoK, and Naveed Nasim, CEO, of ABL Funds.The signing ceremony was held in the presence of Irfan Saleem Awan, MD/CEO (A) & CFO, BoK; Sher Muhammad, Group Head Conventional Banking, BoK; Muhammad Asif, Group Head HRDG, BoK; Abdullah Ghaffar, Group Head Islamic Banking, BoK; and Sara Shah, Company Secretary, BoK. Representing ABL Funds were Syed Khalid Husain, Country Head; Azmat Baig, Head of Retail; Rehan Ansari, Head of Operations; and Sulaim Nensey, Regional Head of Institutional Sales and ADC.
Under this agreement, BoK will serve as a distribution agent for the sale of ABL Asset Management Mutual Fund Units, allowing customers, especially organizations, to benefit from this partnership.This collaboration granted them access to an expanded product range, including voluntary pension schemes offered by ABL Funds.