Islamabad: UBL Fund Managers Limited has appointed Mr. Asif Ali Qureshi as its new Chief Executive Officer, following the resignation of Mr. Yasir Qadri, effective July 26th, 2024.

In a significant corporate development at UBL Fund Managers Limited, the Board convened an emergent meeting today to deliberate the resignation of Mr. Yasir Qadri from his role as Chief Executive Officer. Following the protocols set by Clause 5.6.1 (a) (xii) of the Pakistan Stock Exchange (PSX) Rulebook, Mr. Qadri’s resignation was accepted, with his departure officially set for July 26th, 2024.

According to information available from the Pakistan Stock Exchange (PSX), the Board has promptly appointed Mr. Asif Ali Qureshi to succeed Mr. Qadri. Mr. Qureshi is slated to assume his new responsibilities on the same date as Mr. Qadri’s exit.

This change in leadership is expected to be communicated to all Certificate Holders of the Exchange, ensuring transparency and adherence to regulatory expectations.