Lahore, December 28, 2017 (PPI-OT):The rating reflects MCBAH’s strong position in the domestic AMC industry augmented by its robust retail base, strong sponsor support, improved organizational structure, innovative technology and sound franchise value. MCBAH’s well-structured decision making process supported by continuous improvement in the overall operating platform along with a diversified fund slate. This has helped the company in maintaining the AUM base despite the dip in the industry due to lack lustre stock market performance, hence sustaining its system share. The management has effectively integrated separately developed risk management function with investment decision making process.
The company has successfully branded its Islamic products under Islamic division – Alhamra. The company has inducted professional and experienced higher management staff. The rating incorporates MCBAH’s association with two prominent business conglomerates of Pakistan -Nishat and Arif Habib Groups. The rating is dependent on the company’s ability to sustain its market standing by capitalizing on the self and group distribution platform. At the same time, stability of the quality human resource and consistent fund performance – at par or better than peers will bode well for the company.
For more information, contact:
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425