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Growing the pie - C-SUITE INTERVIEW - Magazine | Asia Asset Management

Competition for pole position in Pakistan’s asset management industry is stiff but Mohammad Shoaib, chief executive officer of Al Meezan Investm.

Mohammad shoaibAl meezan investment management ltdCompetition for pole position in pakistan amp rsquos asset management industry is stiff but mohammad shoaibHief executive officer of al meezan investment management ltdThe front runnerSn amp rsquot too fixated on developing strategies to maintain the lead he is more focused big picture al meezan had over 172 84 billion pakistani rupees us 979 19 million of assets under management at end 2021 closest rival nbp fund ltdIth 169 billion rupeesS nipping at the heels mohammad appears unfazed amp ldquo we don rsquot look competing against players our aim is to increase size of pie that matters much more usMp rdquo he says in an interview with asia asset management notes that mutual fund penetration pakistanHich hasa population of 220 millionS very lowIth only one out of 200 people who have bank accounts investing in funds amp ldquo while the mutual fund market is smallT hasa lot of growth potentialMp rdquo he says amp nbsp al meezan will be focusing on improving the financial literacy of pakistanis in its bid to grow market according mohammadHe level of financial and investor education in the country is still very low amp ldquo retail investors needa lot handholding rdquo digital services one al meezan rsquos strategies its current year to focus on enhancingA move which has already helped reap rich dividends the company amp rsquos assets under management grew more than 36 year on to over 1 billion in last financial ended june 30

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