A four member interim management committee will take care of day-to-day affairs at UTI Mutual Fund till a successor to U K Sinha is decided; internal candidates too would be considered
Mumbai: A four member interim management committee of senior officials at UTI Mutual Fund has been formed to manage the day-to-day affairs at the asset management company. The committee will function under the overall guidance of the committee of directors and of the board of the company till a successor to U K Sinha is chosen.
Sinha, Chairman of UTI Mutual Fund, assumes charge as Chairman of SEBI tomorrow.
The members of the management committee are Jaideep Bhattacharya, Chief Marketing Officer, I Rahman, Chief Finance Officer, Anoop Bhaskar, Head-Equity, and Amandeep Chopra, Head of Fixed Income.
In a statement, UTI Mutual Fund said following the appointment of Sinha as SEBI Chairman, the shareholders and the board of directors appointed an executive search firm to identify a suitable candidate to the head the company. The search firm will consider both internal and external candidates to head the AMC.
The fund house said the process of choosing a successor to Sinha is expected to be concluded at the earliest.
