Barclays Pakistan and JS Investments signdistribution agreement

KARACHI (APP) - A distribution agreement has been signed by the Barclays Pakistan and the & JS Investments.
An announcement here on Monday said that Barclays Bank PLC, Pakistan one of the largest global banks, has signed a landmark distribution agreement with JS Investments Limited (JSIL), one of the leading asset management companies in Pakistan.
It said that under the agreement, JS Income Fund (JS IF) and Unit Trust of Pakistan (UTP) will be available at Barclay’s branches across Pakistan.
The Distribution agreement was signed by Ali Raza Siddiqui, Director and Chief Investment Officer, JSIL and Khawaja Asif, Director Consumer Bank, Barclays Pakistan, in terms whereof JSIL appointed Barclays Bank PLC, Pakistan as a distribution company for the funds managed by JSIL.
Other senior members of the management teams of both organizations were also present at the occasion.
While speaking at the signing ceremony, Ali Raza Siddiqui commented ‘We are delighted at the signing of this agreement as this arrangement between JSIL and Barclays in Pakistan has the potential for great synergies in the future. Barclays is one the largest global banks and partnering with them provides us better access to broad customer base across the country, along with opening new avenues to reach a wide range of exclusive customer segments’.