Adeel Abdul Wahab

HBL Asset Management Ltd. (HBL AML) is a mutual fund management firm headquartered in Karachi, Pakistan. The firm was founded in 2006 and is a whole-owned subsidiary of Habib Bank Ltd. (PSX: HBL), ultimately held by Aga Khan Development Network Foundation. HBL-AM manages several funds that comprise of mutual funds, exchange traded fund and pension funds. Their product suite includes both Conventional and Shariah compliant products.

PICIC Asset Management Co. Ltd. (PICIC AMC) is the Pakistani asset management subsidiary of HBL Asset Management Ltd., ultimately held by Aga Khan Development Network Foundation in Switzerland. Pakistan Industrial Credit & Investment Corporation Ltd., the pioneer development finance institution in Pakistan, established the firm in 2004 under the provisions of NBFC Rules, 2003 to undertake asset management (open-end fund) and investment advisory (closed-end fund) services. Based in Karachi, PICIC AMC manages closed and open-end schemes and provides investment advisory services to provident/pension funds and corporates.