ITMinds Limited and Faysal Asset Management Limited sign an agreement for outsourcing Back Office Accounting Services

Faysal Asset Management Limited (FAML), a subsidiary of Faysal Bank Limited (FBL) & ITMinds Limited (ITMinds), a wholly owned subsidiary of Central Depository Company of Pakistan Limited (CDCPL), have signed an agreement in May 2019, enabling ITMinds to provide BPO services of Back Office Accounting to FAML. The agreement was signed by Mr. Khaldoon Bin Latif, CEO-Faysal Asset Management Limited, and Mr. Iqleem-uz-Zaman Khan, Acting CEO-ITMinds Limited in the presence of Mr. Badiuddin Akber, Director ITMinds Limited & CEO-CDCPL.

Through this arrangement, IT Minds will facilitate FAML in concentrating on its core business activities, i.e. managing investors’ money and savings, by providing back office services including Settlement, Unit Management, Fund Accounting, Compliance / Reporting, Business Continuity and IT arrangements.