News From Press It’s now a year UTI Mutual Fund is without a CEO

It’s now a year UTI Mutual Fund is without a CEO

The name of the candidate put forward by the board could not be ascertained.

Economic Times Aug 24, 2019

UTI Mutual Fund, India's seventh largest asset manager, has remained without a chief executive officer for over a year as its shareholders are yet to give approval to the name proposed by the board. The fund’s shareholders — State Bank of India (SBI), Life Insurance Corporation of India(LIC), Punjab National Bank (PNB), Bank of Baroda(BoB) and T Rowe Price — have not responded to the board’s communication on the matter, said a person close to the development.

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3 Comments

Vikas Gupta · 4 years ago `

UTI MF has not accepted any MF Transaction yesterday in Haryana while all other amcs have accepted.

Anil kale · 4 years ago `

Good,it seems other senior officers have performed the role of a CEO in their own KRAs.
Now even other AMCs can try this and thus save huge cost on CEO's remuneration.

Arvind Thakur · 4 years ago `

Very sad, I was also wondering without job from the last year.

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