“Motilal Oswal AMC Names Prateek Agrawal as New MD, CEO in Leadership Reshuffle”
Motilal Oswal Asset Management Company has unveiled significant leadership changes, with Prateek Agrawal assuming the role of Managing Director and Chief Executive Officer effective April 26. This strategic move aims to drive the company’s growth trajectory and reinforce its commitment to excellence.
Motilal Oswal Asset Management Company has unveiled significant leadership changes, with Prateek Agrawal assuming the role of Managing Director and Chief Executive Officer effective April 26. This strategic move aims to drive the company’s growth trajectory and reinforce its commitment to excellence.
Prateek Agrawal, an industry veteran with nearly three decades of experience, joined Motilal Oswal AMC in October 2022 and brings a wealth of expertise to his new position. His appointment marks a pivotal moment for the company as it charts a course for continued success in the asset management space.
The transition also involves Navin Agarwal stepping down from the MD and CEO position to focus on strategic initiatives within the Motilal Oswal Group. Navin Agarwal’s contributions have been instrumental in the company’s growth, particularly during his tenure as MD and CEO since July 2020.
In addition to Prateek Agrawal’s elevation, Akhil Chaturvedi has been promoted to Executive Director, recognizing his significant contributions as Chief Business Officer of Motilal Oswal AMC over the past 11 years. Similarly, Niket Shah, an experienced fund manager with a decade-long association with the Motilal Oswal Group, has been appointed as Chief Investment Officer.
These leadership changes come at a time when Motilal Oswal AMC has witnessed substantial growth in assets under management (AUM), reaching ₹71,810 crore in March 2024 compared to ₹45,712 crore in March 2023. The company’s performance under Navin Agarwal’s leadership has seen a strong turnaround across various metrics, reflecting the effectiveness of its strategies and operations.
Raamdeo Agrawal, Chairman of Motilal Oswal AMC, emphasized the company’s commitment to nurturing internal talent and fostering a culture of growth and excellence. The leadership transition signifies a strategic progression towards achieving market-leading positions and delivering value to stakeholders.
As Prateek Agrawal assumes his new role, the industry will be keenly watching Motilal Oswal AMC’s trajectory under his leadership, expecting continued innovation and growth in the dynamic asset management landscape.
Sources By Agencies
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