Narayan Subramaniam Ayypankav Appointed as Additional Director at UTI Asset Management Company Limited
UTI Asset Management Company Limited has appointed Mr. Narayan Subramaniam Ayypankav as an Additional Director (Non-Executive Independent Category) of the company. The appointment was made effective from July 31, 2026, and is subject to shareholder approval.Mr. Narayan S.A., who holds a three-decade career in finance and financial services, has been appointed to the board. He is not related to any existing director at UTI Asset Management Company Limited.
The appointment designates Mr. Ayypankav as an Additional Director (Non-Executive Independent Category), with the term running from July 31, 2026, up to three consecutive years, until July 30, 2029.
Prior to joining UTI Asset Management Company Limited, Mr. Narayan S.A. held senior leadership and Board roles across various entities within the Kotak Mahindra Group. His extensive experience encompasses banking, capital markets, broking, treasury management, commercial lending, and asset management. As part of his service at Kotak, he was a member of the Group Management Council, overseeing strategy and policies for the bank and its subsidiaries.
Mr. Ayypankav's career includes serving as Managing Director & CEO of Kotak Securities, where he focused on building and leading the retail broking business across equities and online trading platforms. Earlier in his tenure, he acted as Executive Director & COO, establishing the foundational business architecture for Kotak Securities. He later contributed to the Group's strategic growth as Group President - Commercial Banking at Kotak Mahindra Bank, overseeing various segments including SME advances and microfinance. He also held the role of Group President - Treasury, managing treasury operations including ALM, liquidity, and investment portfolios.
Key details regarding the appointment are summarized below:
| Particulars | Details |
|---|---|
| Director's Name | Mr. Narayan Subramaniam Ayypankav (DIN: 00007404) |
| Appointment Date | July 31, 2026 |
| Role and Category | Additional Director (Non-Executive Independent Category) |
| Term of Appointment | Up to three years, until July 30, 2029 |
| Relationship with Directors | Not related to any Director of the Company |
UTIAMC Stock Price Movement
As of 12:51 PM, shares of UTI Asset Management Company Limited are shedding ₹5.35 or 0.59%, trading at ₹903.95 as the stock experiences midday volatility. The equity records a trading volume of 88,921 shares against its current price point.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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