UTI AMC: IPO-bound UTI AMC appoints Imtaiyazur Rahman as CEO

NEW DELHI: UTI AMC, which plans to launch IPO soon, on Saturday said the company board has appointed Imtaiyazur Rahman as the Chief Executive Officer of the asset management company.

The decision is seen addressing the concerns of Sebi on the CEO position which was vacant for quite some time.

The AMC filed DRHP with SEBI in December 2019.

Rahman was an internal candidate for the position, which fell vacant after completion of the term of the earlier CEO in 2018.

He joined the UTI Group in 1998 and has been with the AMC since 2003.

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 CFO of the company and has headed diverse functions, including international business.

“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,” the AMC said.

[Source – Economic Times]


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