Leo Puri defends track record in UTI board meet at fag end of term

Says aligning shareholder interest came at personal cost

Leo Puri defended his performance as managing director of UTI Mutual Fund while presenting the report card of his five-year tenure to the board of directors last week, said sources in the know.

In what may well be the last board meeting of his term, Puri told the board that a key mandate after taking over was to resolve UTI’s governance structure and get the shareholders, trustees and the government on the same page with regard to the AMC’s future.

This, however, was no easy task and the work put in towards achieving this goal had come at a considerable professional and