UTI MF's search firm to find chairman

UTI Mutual Fund on Thursday said it had appointed a search firm to identify a suitable candidate to head the company, after the appointment of U K Sinha as chairman and managing director of Securities and Exchange Board of India. “The firm will look at both internal and external candidates. The process is expected to be concluded at the earliest,” UTI MF said in a statement. In the interim period, to run the day-to-day affairs, a four-member committee has been formed. The members include its Chief Marketing Officer Jaideep Bhattacharya, Chief Financial Officer I Rahman, Equity Head Anoop Bhaskar and Fixed Income Head Amandeep Chopra. Sinha, who replaces C B Bhave as Sebi chairman, will take charge on Friday.