R H Patil was on Thursday appointed chairman of UTI Asset Management Company, the country's largest mutual fund.
A former CEO of National Stock Exchange, Patil succeeds M Damodaran as UTI AMC chief.
Patil, who was earlier Divestment Commission chairman, also worked with the Reserve Bank, IDBI and Clearing Corporation of India.
He has also been associated with Asian Development Bank, NSDL and Credit Analysis and Research Ltd.
The top post of UTI-I and UTI AMC was vacant after Damodaran put in his papers in December 2004.
The Government appointed former Life Insurance Corp chairman S B Mathur as administrator of UTI-I and Patil as UTI AMC chief.
