KARACHI: ITMinds Ltd (a wholly owned subsidiary of Central Depository Company of Pakistan Limited) has signed an agreement to provide back office services to Atlas Asset Management Limited (AAML), an Atlas Group Company.
ITMinds Ltd shall be providing services for settlement, unit management operations and NAV calculation / financial statements. This arrangement will provide AAML a dynamic platform to increase operational efficiency.
The agreement was signed by M. Habib-ur- Rahman- CEO AAML and Junaid Shekha, CEO – ITMinds Ltd in the presence of Mohammad Hanif Jhakura, Director – ITMinds Ltd & CEO Central Depository Company, Frahim Ali Khan -Director AAML and Mohammad Abdul Samad – COO AAML.
ITMinds Ltd is engaged in providing back office services to cater the requirements of Asset Management Companies in Pakistan. ITMinds Ltd also provides IT consultancy and implementation services to organizations both locally and internationally, especially in Middle East & Africa.
AAML is a leading asset management company in the private sector of Pakistan with an AM2- rating by PACRA and currently managing Asset under Management of over Rs 17.5 billion.
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