Vinay Lakhotia Appointed as CFO of UTI Asset Management Company

UTI Asset Management Company Limited has appointed Vinay Lakhotia as the Chief Financial Officer (CFO), his term will be starting from 1 October 2023. He will replace Surojit Saha.

Vinay Lakhotia is currently the Head of Operations of UTI AMC, heading the function of Fund Accounts & Investor Service Management in the Company.

He has played a key role in the automation of system and process both at UTI Mutual Fund as well as the UTI unit of Kfintech. He has also represented UTI Mutual Fund in the AMFI Valuation Committee Board and Ops Committee. He has been instrumental in successfully migrating ILFS schemes to UTI Mutual fund upon acquisition of ILFS schemes by the Company. Lakhotia was one of the key members of the team that led the IPO and listing process of UTI Asset Management Company Limited. He worked with investment bankers, lawyers, and brokers and handled numerous sales meetings with prospective investors and research analysts during the IPO. His area of expertise includes Financial Reporting & Analysis, Financial & Management Accounting, Budgeting & MIS, Operations Management, Automation to streamline processes, strategic planning, stakeholder engagements, system and process developments, due diligence, strengthening internal control, innovation in services and processes, digital transformations, audit/compliance & taxations, risk management, and operational efficiency. He holds a B.Com (Honors) degree from St. Xavier’s College, Kolkata. He is an all-India rank-holder Chartered Accountant.

In another announcement, UTI AMC has appointed Srivatsa Desikamani and Kiran Kumar Tarania as the  Non-Executive Nominee Directors.