Vetri Subramaniam has been appointed as the Chief Investment Officer of the company and will oversee the equity, fixed income, research and dealing functions of the company. Vetri joined UTI AMC as Head of Equity in January 2017 and has led the function with much success since then.
Ajay Tyagi will take over as the Head of Equity in the company. Ajay joined UTI AMC in the May 2000 as a management trainee and analyst and now manages UTI’s largest equity scheme as a Fund Manager and has a strong track record.
Imtaiyazur Rahman, CEO, UTI AMC said “This is a significant development in the transformation process initiated by the company. The creation of this role of the Chief Investment Officer will provide stewardship of investment processes across asset classes. This will also bring about more synergy in the investment function and enhanced cohesiveness among the teams of Fund Management, Research and Dealing.
The position will bring greater focus on building and nurturing a strong cadre of investment professionals within the organisation. These changes will enable us to better meet the expectations of our investors and stakeholders.”
On Thursday,the stocks hitnew 52-week high at Rs990 per piece during early trading hours.
On Sensex, UTI Asset Management Company ended at Rs989.95 per share up by Rs32.75 or 3.42%.