MCB Asset Management Company Ltd. and MCB Bank Limited signed a MOU for “Smooth Operator” an online mutual fund investment facility on Thursday, May 14,2009.

Through MCB Smooth Operator, MCB Bank Account holders will be able to conveniently invest in Mutual Funds managed by MCB AMC, using MCB Virtual Banking services and earn attractive tax free returns. Smooth Operator can be used by MCB Bank Account Holders worldwide. This will revolutionize the conventional investment process and investors can use Internet banking for hassle free and paper less investments. By using Smooth Operator, investors can also give one time standing instruction to MCB Bank for Automatic Regular/ Periodic Investments into MCB Mutual Funds.

MCB Asset Management Company is a wholly owned subsidiary of MCB Bank Limited which is one of the largest commercial banks in Pakistan, with a network of over 1,000 branches. MCB AMC is one of the largest open end Mutual Fund Company in the country currently managing three funds with over PKR. 11 billion worth of Assets Under Management