UTI Mutual Fund has appointed Imtaiyazur Rahman as the new CEO of the fund house, said a company press release.
Rahman was an internal candidate for the position which fell vacant after completion of the term of the earlier CEO in 2018. Imtaiyazur had joined the UTI Group in 1998. Working with earlier Chairmen M Damodaran and UK Sinha, he was involved in the transformation of the organisation after restructuring of the erstwhile Unit Trust of India.
He has been the acting CEO of the company for nearly two years and on an earlier occasion too, he held this position during 2012-13. He was the CFO of the company and has headed diverse functions, including international business.
This appointment brings stability to 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. The company has already filed Draft Red Herring Prospectus with SEBI in December 2019.
