On June 13, 2020,Board of Unit Trust of India(UTI )Mutual Fund had appointed Imtaiyazur Rahman as Chief Executive Officer (CEO ) of the UTI Asset Management Company (AMC).He had been already serving as the interim CEO for the past two years.He will succeed Leo Puri whose 5-year tenure was over in August 2018.
Why the Appointment?
- The appointment will help the funding company to accelerate the process of launching its long-pending initial public offer (IPO).
- This would also address concerns of Securities and Exchange Board of India (SEBI) on the position of CEO that has been lying vacant for quite some time.
Association with the company
i.He joined the UTI group in 1998 and it with the UTI AMC since 2003.
ii.Rahman was also involved in the transformation of the company formerly known as Unit Trust of India with then chairmen M Damodaran and SK Sinha and succeeded UK Sinha as Interim CEO from 2012-13
iii.He was the CFO(Cheif Financial officer) and headed many different functions in the company including international business.
iv.He was appointed as the interim CEO since 2018 after the retirement of Leo Puri.
About UTI Mutual Fund
Chief Financial Officer- Surojit Saha
Company Secretary– Arvind Patkar
HeadQuarter– Mumbai, Maharashtra