UTI MF appoints Rahman as CEO months after Puri's exit left slot vacant

Move will help the fund house to expedite its long-pending IPO, address Sebi concerns about no man at the top

UTI Asset Management Company (AMC) on Saturday appointed Imtaiyazur Rahman (pictured) as its chief executive officer (CEO), a move that will expedite the fund house’s plan to go public. Rahman was appointed interim CEO in 2018 after Leo Puri’s term came to an end.
 

The fund house had filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) in December 2019 after its PSU bank shareholders agreed to divest their holdings.
 

Investment bankers say typically Sebi approves initial public offering (IPO) documents in 45-60 days, but the process could get delayed if the regulator