Indian asset manager UTI Mutual Fund said Thursday it has appointed an executive search firm to identify a new chairman to replace U.K. Sinha, who has been named head of the country's capital markets regulator.
The search firm will look at both internal and external candidates and the process is likely to be concluded soon, the state-run company said in a statement. It didn't name the search firm.
In the interim, a four-member committee will run the mutual fund. The committee comprises Jaideep Bhattacharya, chief marketing officer; I. Rahman, chief finance officer; Anoop Bhaskar, head of equities; and Amandeep Chopra, head of fixed income.
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