UTI Asset Management Co. Ltd. announces MD & CEO Succession as part of its long-term Strategic Plan

UTI Asset Management Company Ltd. (UTI AMC) today announced that Mr. Imtaiyazur Rahman will be handing over charge as Managing Director & Chief Executive Officer effective from close of business hours on 31st January 2026. The Board of Directors has unanimously appointed Mr. Vetri Subramaniam, current Chief Investment Officer, as the next MD & CEO, effective from 1st February 2026.

He will assume the role of "MD & CEO Designate" with immediate effect. This transition reflects the Board's commitment to long-term stability, internal talent development, and strategic continuity.

"Mr. Rahman, a UTI veteran since 1998, has been leading the company since 2018 and successfully led the firm's transition to a listed entity. He oversaw UTI's rapid growth and expansion since then. Mr. Rahman will continue to serve as a Strategic Advisor to MD and CEO from 1st February 2026 to 12th June 2026, thereby ensuring a seamless succession", said Mr. D.K. Mehrotra, Chairman of the Board.

UTI's Foundation Day falls on 1st February and Mr Rahman's choice of that date to hand over charge reflects his passion and lifelong commitment to the organisation he has helped build.

"After thoughtful reflection and with full confidence in our next generation of leadership, I believe the time is right to pass the baton," said Mr. Rahman. "As 1st February is the foundation day of UTI AMC, I found it a meaningful moment to mark the transfer of baton and assume Strategic Advisory role to the MD and CEO till 12th June 2026 to ensure that the leadership transition is smooth as well as supportive. I am confident that Vetri Subramaniam is the right leader to guide UTI AMC into its next chapter."

"Mr. Vetri Subramaniam has consistently demonstrated strategic vision, operational discipline, and a deep commitment to our customers and employees," said Mr. D.K. Mehrotra. "The Board is confident that he will continue to build on the strong foundation laid by Mr. Rahman".

Leadership Built for the Future

- Mr. Rahman, the first internally selected CEO, has played a very important role in the growth of UTI AMC over the last seven years.

- Mr. Rahman successfully steered UTI AMC through turbulent times, be it COVID or the global financial crisis, led a successful IPO & Listing of UTI AMC on the stock exchanges on 12th October 2020.

- The market cap of the company has increased to more than INR 18,000 crore. (reporting a 3x jump since its listing in 2020).

- Under his leadership, UTI transformed from an Indian AMC to a Global investment manager.

- UTI International expanded its reach in Europe & the United States.

- UTI Pension Fund became a leader in the pension business.

- The UTI Group witnessed seven-fold growth in its AUM in Mr. Rahman's tenure to INR 21.93 lakh crore in 2025 from INR 3.99 lakh crore in 2019.

A Proven Leader

Mr. Vetri Subramaniam has been with UTI AMC since 2017 and took over as the Chief Investment Officer in 2021. His competence in the field of investments helped UTI AMC establish its proprietary processes Score Alpha and GIMS (Gate Investment Monitoring and Surveillance), which are now an integral part of its functional expertise. He has also been instrumental in developing the core business strategies across the UTI Group.

"I'm honoured by the trust the Board has placed in me," said Mr. Vetri Subramaniam. "Under the leadership of Mr. Rahman, we achieved significant progress as a listed company, and I was privileged to be a part of that journey. I am energised to lead this exceptional team in helping our customers achieve their financial aspirations and delivering sustained value for our shareholders and all stakeholders."

Shares of UTI Asset Management Company Limited was last trading in BSE at Rs. 1349.05 as compared to the previous close of Rs. 1304.90. The total number of shares traded during the day was 4214 in over 658 trades.

The stock hit an intraday high of Rs. 1360.00 and intraday low of 1299.10. The net turnover during the day was Rs. 5620691.00.

Source : Equity Bulls

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UTIAssetManagementCompany INE094J01016 Succession MD CEO