UTI AMC announces leadership transition, stock trades in green

UTI AMC announces leadership transition, stock trades in green

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26 Aug, 2025 12:21

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UTI Asset Management Company shares were trading in green on September, a day after the firm announced leadership transition.

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

"Subramaniam 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," the company said in a stock exchange filing.

At 2:25 pm on September 4, UTI AMC shares were trading 0.4% higher at Rs 1,355.5 apiece even as the Nifty Capital Markets index was trading nearly 0.4% lower.

“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. Rahman will continue to serve as a Strategic Advisor to MD & CEO from February 1, 2026 to June 12, 2026, thereby ensuring a seamless succession”, said D.K. Mehrotra, Chairman of the Board.

“After thoughtful reflection and with full confidence in our next generation of leadership, I believe the time is right to pass the baton,” said Rahman. “As February 1 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 & CEO till June 12, 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.”

“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 Rahman”.