UTI Mutual Fund proposes to split CMD post

India Infoline News Service | Mumbai |

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

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.



 

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