This follows the planned retirement of Imtaiyazur Rahman, who will step down from managing director & chief executive officer at the close of business on 31 January 2026.
The company’s board of directors unanimously approved the appointment of Subramaniam, who currently serves as chief investment officer (CIO). He will assume the role of MD & CEO Designate with immediate effect, ensuring a smooth transition over the coming months.
Subramaniam joined UTI AMC as Head of Equity in January 2017 and was elevated to CIO in August 2021. Since April 2024, he has also chaired the UTI Management Committee, which oversees the company’s subsidiaries.
With more than three decades of experience in equity markets, investment strategy, mentorship, and financial literacy advocacy, Subramaniam brings deep expertise to the role. Before joining UTI AMC, he served as CIO at Invesco Asset Management, where he was part of the founding team (then Religare Asset Management) in 2008. He played a key role in establishing the firm’s proprietary investment process and team.
Subramaniam began his career at Kotak Mahindra in 1992 after passing from IIM Bangalore with a Diploma in Management. His career includes stints at SSKI, Motilal Oswal, and Sharekhan.com (now Mirae Asset Sharekhan), where he was a founding member and led the research and content team. Between 2003 and 2007, he also served as an advisor to a UK-based hedge fund on Indian equity investments.
UTI AMC stated that the leadership change underscores the board’s commitment to strategic continuity, internal talent development, and long-term organizational stability.
D.K. Mehrotra, chairman of the board, said, “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 and CEO from 1st February 2026 to 12th June 2026, thereby ensuring a seamless succession.”
UTI Asset Management Company (UTI AMC) is Investment Manager to UTI Mutual Fund. It is incorporated under the Companies Act, 1956 and was approved to act as an Asset Management Company for UTI Mutual Fund by SEBI on 14th January 2003. UTI AMC is registered as Portfolio Manager with SEBI and through its subsidiary it acts as Fund manager for AIF, among others. It also has a countrywide network of branches along with a diversified distribution network.
On standalone basis, the company had reported 16.3% YoY increase in net profit to Rs 216.13 crore on a 12.4% rise in net sales to Rs 438.31 crore in Q1 FY26 over Q1 FY25.
The counter rose 0.60% to Rs 1,357.10 on the BSE.