PICIC Asset Management Company Limited (PICIC AMC), is a wholly owned subsidiary of NIB Bank Limited with an authorized capital of PKR 5,000 million and paid-up capital of PKR 3,000 million. Its formation was part of a coherent strategy to undertake Asset Management and Investment Advisory Services with an institutional framework whereby expertise are developed and evolved on a continuous basis.

The Company is registered as a Non-Banking Finance Company (NBFC) licensed by the Securities and Exchange Commission of Pakistan (SECP) to provide Asset Management Services within a legal framework of the prevailing NBFC Rules.

PICIC AMC has been rated AM3+ by JCR-VIS which means that the asset manager meets good investment management industry standards and benchmarks. Currently PICIC AMC is managing three closed-end funds and three open ended funds with an investor base of around 40,000 and total Assets Under Management (AUM) of PKR 14.215 billion as of Nov 30, 2011.