UTI Mutual Fund has elevated Vetri Subramaniam as its Chief Investment Officer and Ajay Tyagi as the Head- Equity with effect from August 1, 2021.
With this, Vetri Subramaniam will oversee the equity, fixed income, research and dealing functions of the company. Vetri joined UTI AMC as Head of Equity in January 2017 and has led the function with much success since then.
Ajay Tyagi will take over as the Head of Equity in the company. Ajay joined UTI AMC in May 2000 as a management trainee and analyst and now manages UTI MF’s largest equity scheme as its fund manager.
In a press release, Imtaiyazur Rahman, CEO, UTI AMC said, “The creation of this role of the CIO will provide stewardship of investment processes across asset classes. This will also bring about more synergy in the investment function and enhanced cohesiveness among the teams of fund management, research and dealing. The position will bring greater focus on building and nurturing a strong cadre of investment professionals within the organisation. These changes will enable us to better meet the expectations of our investors and stakeholders.”
