UTI Asset Management Company Ltd. announced a strategic move to set up a Private Debt Fund to augment its portfolio of Alternative Investment offerings, following the appointment of Mr. Rohit Gulati as Managing Partner, Mr. Shaurya Arora as Partner and Mr. Sumit Khandelwal as Principal with effect from March 1, 2017. Rohit joins UTI Capital Pvt. Ltd. from Religare Capital Markets where he was Managing Director and Head of Investment Banking. Rohit, Shaurya and Sumit have worked together at Religare Capital Markets for over 6 years where Shaurya was most recently Director with responsibility for structured finance products. Shaurya has previously worked with WL Ross & Co., Lehman Brothers and Merrill Lynch. Prior to Religare, Sumit worked with JP Morgan.