Leo Puri takes charge of UTI Mutual Fund
Mumbai: Asset management firm UTI Mutual Fund on Wednesday said Leo Puri has assumed office as managing director.
His appointment was cleared by the company's board on July 3 this year.
Puri was earlier associated with McKinsey as director and senior advisor and Warburg Pincus as managing director.
"It is my pleasure to be associated with this great institution, which has been a pioneer in the capital market. Over the last five decades, it has introduced millions of investors to benefits of investment.
It will be my endeavour to continue on this task and make UTI Mutual Fund the most admired brand in the financial services sector," Puri said in a statement issued here.
UTI Mutual Fund is one of the largest mutual funds in the country with assets under management worth Rs 74,706 crore.
The company had nearly one crore investor accounts under its 88 domestic schemes as of June 2013 end.
In a separate statement issued earlier today, IT major Infosys said Puri has stepped down as an independent director of the firm.