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_: PROFILE: Mashmooma Zehra Majeed completed her chartered Financial Analyst (CFA) programme in 2001 from the CFA Institute and the Financial Risk Manager (FRM) Programme in 2010. She has been associated with the Asset Management Industry in Pakistan for over ten years with her forte being investment management and product development. She has played an instrumental role in launching the first Islamic open-end mutual fund in Pakistan as well as the launch of the voluntary pension scheme in Pakistan under the Voluntary Pension System Rules. She has been actively involved with MUFAP throughout her career, she has previously worked in senior positions in Atlas Asset Management Limited, 3S Investments and Crosby Asset Management. She started her career with Hameed Majeed Associates. She joined MUFAP in May 2012 and took charge as CEO from August 1, 2012.
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MASHMOOMA ZEHRA MA3EED: Mutual Funds Association of Pakistan (MUFAP) was formed in 1996 when a group of investment advisors managing eight closed-end mutual funds got together to form an association that would work to promote mutual funds in Pakistan. In 2001, MUFAP was formally registered and recognized as the representative body of asset management companies in the country. As the industry developed and progressed, the role of MUFAP was expanded and in 2007 MUFAP moved into its independent premises and Mr shamshad Nabi , a seasoned professional, who is a foreign qualified chartered accountant and MBA Finance and has over forty years experience in the financial institutions in Pakistan and overseas, joined MUFAP as its Chief Executive. Under his leadership, MUFAP made significant contributions to promote the mutual funds as the preferred investment solution for investors and ample efforts to voice the concerns and issues of the member asset management companies (AMCs) and Funds.
MUFAP has always been in the forefront to bring transparency and good governance in the industry and has regulated the industry norms to great extent. Many of the voluntary initiatives taken by MUFAP became the industry norm and went on to being included by the SECP in the regulations and its directives as the mandatory standard/requirement which itself is a great achievement. Some of the measures are announcing daily net asset value and monthly portfolios by closed...