Interview with Khashe Ahmad Lodhi, Head of Islamic Funds at UBL Fund Managers
Eurekahedge
UBL Fund Managers Limited(UBLFM)is a wholly-owned subsidiary of United Bank Limited, making it the first asset management company to be launched by a bank in Pakistan. UBLFM has been operating since the year 2002 and are currently ranked number 1 in both assets under management (AUM) in fixed income schemes and in terms of AUM of private sector open-end mutual funds (out of 35 existing companies). UBLFM has been awarded a Management Quality Rating of AM2 Minus by JCR-VIS Credit Rating Company Limited.
Khashe Lodhi is head of Islamic funds at UBLFM. Prior to this, he was vice-president in the investment banking division at Pakistan Kuwait Investment Company. At Pak Kuwait, he was instrumental in the formation of an asset management company and a brokerage company. He was also a director in these companies. He has first-hand knowledge and experience of both fixed income and equity markets. Lodhi started his career in 1993 with Crescent Investment Bank Limited as a fixed income dealer in the treasury and funds management department. In 1996, he moved to the equities side as a dealer in the capital markets department. Later on, he became chief dealer and head of capital markets and managed a fund of over Rs6 billion. He has also worked for Mashreq Bank Pakistan, Crescent Commercial Bank and PICIC.
