Motilal Oswal Group has announced leadership changes aiming to drive growth and transformation at Motilal Oswal AMC.
MOAMC saw substantial performance growth, with about 90% of schemes surpassing benchmarks. This progress boosted AUM to Rs. 71,810 cr by March 2024, up from Rs. 45,712 cr in March 2023.
Navin Agarwal, associated with Group for 23+ years, served as MD & CEO of MOAMC since July 2020. He led a successful turnaround. Returning to his Group role by April 25, 2024, he will drive strategic growth initiatives across Motilal Oswal Group.
Prateek Agrawal, with nearly 30 years in asset management, was appointed MD & CEO of MOAMC from April 26, 2024. His exceptional leadership and strategic skills were evident since joining MOAMC in October 2022.
Akhil Chaturvedi, currently Chief Business Officer of MOAMC, is now elevated to the position of Executive Director. Akhil has been associated with MOAMC for over 11 years and has been leading the entire Sales & Operations functions. He has 25 years of rich experience in multiple functional roles including sales, distribution, client advisory and business development across leading asset management companies.
Niket Shah, MF – Fund Manager of designated schemes of Motilal Oswal Mutual Fund, has been elevated to the position of Chief Investment Officer. Niket has been associated with the Motilal Oswal Group for over 11 years. He has more than 14 years of experience as fund manager and research analyst. He has showcased exemplary performance as a fund manager, notably overseeing the Motilal Oswal Flexicap Fund (Flexicap Fund) and Motilal Oswal Midcap Fund (Midcap Fund) with AUM exceeding Rs. 18,000 crores*. All of them will start on their new roles from April 26, 2024.
Speaking on the occasion, Raamdeo Agrawal, Chairman, Motilal Oswal Asset Management Company Limited said, “This leadership transition not only recognizes their efforts but also demonstrates our focused progression towards attaining market leading positions across our businesses. We strongly believe in empowering our internal talent to propel businesses to greater heights. Promoting Prateek as MD & CEO reinforces our commitment to internal capabilities and a culture of growth and excellence. Navin’s pivotal role at the group level is crucial across all business functions, leveraging his extensive experience and deep operational understanding to steer our strategic direction and ensure alignment across our diverse portfolio.”
Raamdeo Agrawal further added, “The elevation of Akhil and Niket underscores their proven track record and dedication, solidifying their invaluable leadership roles within our organization.”
Navin Agarwal said, “Prateek Agrawal’s extensive experience in the asset management businesses across mutual funds and alternate assets make him ideally suited to drive Motilal Oswal AMC towards greater heights.”
Navin Agarwal further added about elevation of Chaturvedi and Shah, “Akhil’s decade plus tenure with MOAMC and his exceptional network-building capabilities have been instrumental in driving sales and business growth of MOAMC. Niket’s demonstrated capabilities in identifying high quality high growth opportunities across chosen themes and building the trust of investors and distributors by creating winning portfolios will ensure continued success and value for all stakeholders. As a CIO, we are confident in his ability to lead the team to drive superior outcomes across all our funds.”
