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UTI Mutual Funds MD resigns over internal disagreements
Managing director, Leo Puri resigns from UTI amidst of ongoing disagreements with the board.
According to the news, Leo Puri, Managing Director at UTI had stepped down after the board decided to go for an IPO. After his resignation, it is said that the current CFO, Imtaiyazur Rahman, will be taking over as the interim till the board announces a new CEO.
Rahman is an industry veteran with over 25 years of experience and currently heads global operations for UTI. He also handles the fund management, taxation, and board related issues.
It's been said that the board will announce the new CEO at UTI in January meet next year, and Rahman will be taking over till then.
He is also on the Board of UTI International (Singapore), Offshore Funds of UTI International, and Invest India Micro Pension Ltd. He is a Member on Investment Committee of Ascent Capital (PE).
