Valuation, settlements: CDC to provide services to AAML

KARACHI: A subsidiary of the Central Depository Company of Pakistan (CDC) will provide back-office services to Atlas Asset Management Limited, according to a press release. The entity is part of the Atlas Group. ITMinds, which is a wholly owned subsidiary of the CDC, will provide Atlas Asset Management services for settlement, unit management operations and net asset value calculation/financial statements. This arrangement will help the asset management company increase its operational efficiency, according to the statement issued. ITMinds provides back-office services to asset management companies both locally and internationally.  Atlas Asset Management is a prominent asset management company with assets under management of over Rs17.5 billion.

Published in The Express Tribune, March 12^th, 2015.

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