OTHER GROUP COMPANIES
market

UTI Mutual Fund proposes to split CMD post

The trustees of UTI had proposed a split of the top post and to have a separate chairman and a managing director

June 11, 2013 3:08 IST | India Infoline News Service
UTI Mutual Fund, the country’s fifth largest MF in assets, last week said that it is set to split its top post. Its shareholders have agreed to appoint a separate chairman and a managing director (MD) for the fund, according to a media report.

it was decided that Leo Puri, a senior advisor to McKinsey & Co, would be appointed MD of the fund house, while a senior finance sector professional would be appointed as chairman, the report added.

However, no further details have been provided.

The trustees of UTI had proposed a split of the top post and to have a separate chairman and a managing director.



OPEN A DEMAT ACCOUNT & Get
FREE Benefits Worth 5,000

FEATURED ARTICLE

BLOGS

Open Demat Account
  • 0

    Per Order for ETF & Mutual Funds Brokerage

  • 20

    Per Order for Delivery, Intraday, F&O, Currency & Commodity