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

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

Mr. Subramaniam will immediately assume the role of “MD & CEO Designate” to ensure a smooth transition. This move highlights the Board’s focus on leadership continuity, internal talent growth, and long-term organizational stability.

“Mr. Rahman, a stalwart at UTI since 1998, has been at the helm since 2018 and successfully navigated the company’s transition to a listed entity. During his tenure, he drove significant growth and expansion. Post-retirement, Mr. Rahman will continue to serve as a Strategic Advisor to the MD & CEO until 12^th June 2026, ensuring a seamless leadership handover,” said Mr. D.K. Mehrotra, Chairman of the Board.

1^st February marks UTI’s Foundation Day, and Mr. Rahman has chosen this symbolic date to pass on leadership responsibilities, underscoring his lifelong dedication to the organization.

“After careful consideration and with full confidence in our leadership pipeline, I believe this is the right time to transition,” said Mr. Rahman. “UTI’s Foundation Day is the perfect occasion to hand over the reins, and I will remain in a Strategic Advisory role until 12^th June 2026 to support a smooth transition. I have no doubt that Vetri Subramaniam is the ideal leader to steer UTI AMC toward future success.”

“Mr. Vetri Subramaniam embodies strategic foresight, operational excellence, and a steadfast commitment to our clients and employees," said Mr. D.K. Mehrotra. “The Board is confident he will build upon the strong foundation Mr. Rahman has established.”

A Legacy of Leadership

*  As the first internally appointed CEO, Mr. Rahman played a pivotal role in UTI AMC’s growth over the past seven years

*  He successfully steered the company through crises, including COVID-19 and global financial turbulence, and led UTI AMC’s IPO and stock exchange listing on 12^th October 2020

*  The company’s market capitalization surged to over INR 18,000 crore, marking a threefold increase since its 2020 listing

*  Under his leadership, UTI evolved from a domestic AMC into a global investment manager

*  UTI International expanded its presence in Europe and the United States

*  UTI Pension Fund emerged as a sector leader

The UTI Group experienced a seven-fold rise in Assets Under Management (AUM) during Mr. Rahman’s tenure, growing from INR 3.99 lakh crore in 2019 to INR 21.93 lakh crore in 2025.

About the Incoming Leader

Mr. Vetri Subramaniam, who joined UTI AMC in 2017 and became Chief Investment Officer in 2021, has been instrumental in shaping the firm’s investment strategies. He spearheaded the development of proprietary frameworks like *Score Alpha* and *GIMS* (Gate Investment Monitoring and Surveillance), now integral to UTI’s operations. Additionally, he has played a key role in crafting business strategies across the UTI Group.

 “I am deeply honored by the Board’s trust,” said Mr. Vetri Subramaniam. “Working alongside Mr. Rahman during UTI’s transformative journey has been a privilege. I am excited to lead this talented team in helping clients achieve financial goals while delivering sustained value to shareholders and stakeholders.”

 

 

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