Leo Puri, Managing Director of UTI Mutual fund has resigned from his post amidst the ongoing spat with the company’s board. According to media reports Puri was inclined to remain the chief of the company until the company goes for an IPO.
The report suggests that Imtaiyazur Rahman who is currently the Chief Financial Officer of the company will be the interim head until the board name a new chief for the company. The UTI board is likely to meet in January next year to name the new CEO for UTI.
Imtaiyazur Rahman heads the global operations for UTI and also looks after the fund management, taxation and board related matters. He is an industry veteran with more than 25 years of experience.
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).