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The biggest asset of NBP Funds is its people. We appreciate and reward their efforts.
Before joining NBP FUNDS, Dr. Amjad was Head of Equity Mutual Funds & Portfolios at Riyadh Bank, Saudi Arabia, for about 5 years where he was managing around US$ 7.5 billion invested in 22 mutual funds. Prior to that Dr. Amjad was Head of Asset Management at NIT, and Chief Operating Officer of FC-ABN AMRO Equities for several years. Before moving back to Pakistan, Dr. Amjad was Assistant Professor of Finance at Tennessee State University, USA and has published several articles in top journals of the world such as Journal of Banking & Finance and Financial Management.
Dr. Amjad has served on the Board of various companies including Bank Islami Pakistan, Siemens (Pakistan) Engineering Co.Ltd., Nishat Mills Ltd., PICIC, Askari Bank Ltd., Millat Tractors Ltd., Fauji Fertilizer Company Ltd., Pakistan Tobacco Company Ltd., Parke-Davis & Company Ltd., Treet Corporation Ltd., Atlas Investment Bank Ltd., Gul Ahmed Textile Mills Ltd., Bata Pakistan Ltd. and Mehran Sugar Mills Ltd. among others. He has also served as Chairman, Mutual Funds Association of Pakistan (MUFAP).
The biggest asset of NBP Funds is its people. Our employees are professional, dedicated, congenial, and experienced in their respective fields. At NBP Funds we appreciate their efforts, and reward them based on their performance. We are extremely proud of our technology infrastructure, being the only AMC in the country that uses its own in-house technology platform. We are grateful to our sponsors and the board of directors for being instrumental in helping us achieve our objectives.
Mutual Fund industry is in an infant stage with less than 300,000 investors. By comparison, India, has over eight million investors. Even if we account for the population difference of one to seven, we should have over 1.1 million investors by now. In Pakistan, the mutual fund industry is about 2% of GDP (economy), whereas in India its about 14% of GDP. If Pakistan’s mutual fund industry would have been about 14% of country’s GDP, the size would have been more than US$28 billion instead of the current figure of approximately US$4 billion. In the described scenario, our savings and investment rate would have been substantially higher, and our reliance on IMF and other multilateral agencies would have been significantly lower. SECP is introducing some regulatory changes that will provide more room to the industry to expand its retail sales network.
NBP Funds has been the fastest growing asset management company over the last fourteen years, and aims to continue its upward trajectory. We plan to open one hundred branches over the next five years, and triple our work force. If you’re creative, hard-working, and are looking to make a difference NBP Funds is the place to be. We provide a professional and safe working environment, and great opportunities to be the best that you can be.
I am very passionate about my work and look forward to coming to office every day. I follow a healthy lifestyle, and enjoy working out on a daily basis. Keeping a balance between work and family is very important, hence I make sure that I spend quality time with my family in the evenings and holidays.
Dr. Amjad Waheed is the CEO of NBP Fund Management Ltd since inception. He holds a Doctorate in Business Administration with a major in Investments and Finance from Southern Illinois University, USA and is also a Chartered Financial Analyst (CFA).