UTI finally gets a Managing Director two and half years after the departure of Mr. U K Sinha to SEBI.
UTI Mutual Fund has announced that Leo Puri has taken charge as the Managing Director of UTI Asset Management Company Ltd (UTI AMC) on August 14, 2013. The appointment proposed earlier by the Board of Directors was approved by the Shareholders in an EGM held in Mumbai on July 3, 2013.
According to the UTI press release, Leo is a dual Masters degree holder from Oxford and Cambridge University, UK. In his professional career of more than 30 years, he has worked as Director and Senior Advisor with McKinsey & Company and as Managing Director with Warburg Pincus. Leo has worked in the UK, and USA. Since 1994, he has been based in India.
“It is my pleasure to be associated with this great institution, which has been a pioneer in the capital market. Over the last five decades, it has introduced millions of investors to the benefits of investment. It will be my endeavor to continue on this task and make UTI Mutual Fund the most admired brand in the financial services sector.” said Leo Puri.
