Two years after appointing Imtaiyazur Rahman as the acting CEO, the Board of UTI Mutual Fund has confirmed him as Chief Executive Officer of UTI Asset Management Committee.

The appointment brings stability in the top management of the company, especially since it is planning to launch its IPO shortly, and addresses the concerns of SEBI on the CEO position which has been vacant for quite some time.

The company has already filed DRHP with SEBI in December 2019.

Rehman was the internal candidate for the position which fell vacant after Leo Puri completed his five-year term in August, 2018. He joined the UTI Group in 1998 and is with the AMC since 2003.

Working with earlier Chairmen M Damodaran and UK Sinha, he was involved in the transformation of the organisation after restructuring of the erstwhile Unit Trust of India.

On an earlier occasion too, when UK Sinha retired, Rehman was appointed as interim CEO 2012-13. Rehman was CFO of the company and has headed diverse functions, including international business.