Mutual funds company UTI Asset Management recently announced the appointment of Imtaiyazur Rahman as the full-time Chief Executive Officer. He had been serving the company as the acting CEO of the company for about two years.
The office of CEO was vacant since the completion of the five year tenure of Leo Puri as the CEO. After Puri’s term ended, the President and Chief Financial Officer was appointed as the acting CEO in 2018.
Rahman has been associated with an asset management firm since 1998. Earlier he was with the parent company UTI Group and then with UTI since 2003. He has worked with previous company Chairmen M Damodaran and UK Sinha. He was also involved in the transformation of the organisation after the restructuring of the erstwhile Unit Trust of India.
He was CFO of the company and has headed diverse functions, including international business.
“This appointment brings stability in the top management of the company especially since it is planning to launch its IPO shortly and addresses the concerns of SEBI on the CEO position which was vacant for quite some time,” UTI AMC said in an official press release.
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