Motilal Oswal AMC Makes Leadership Changes To Drive Growth

Motilal Oswal AMC, investment manager for Motilal Oswal Mutual Fund, appoints Prateek Agrawal as MD & CEO and Akhil Chaturvedi as executive director
Motilal Oswal AMC Makes Leadership Changes To Drive Growth

Motilal Oswal Asset Management Company, the investment manager for Motilal Oswal Mutual Fund, announced key leadership changes to drive its growth strategy.

The company’s Managing Director and Chief Executive Officer Navin Agarwal, who has been associated with Motilal Oswal Group for over 23 years, will go back to his group role from the closing business hours of 25 April, Motilal Oswal AMC said in a statement.

In his new role, he will continue to leverage his experience to drive strategic initiatives and contribute to the overall growth of Motilal Oswal Group, it added.

Motilal Oswal AMC, which provides investment management and advisory services, elevated Prateek Agrawal to the position of MD & CEO of the company. Agrawal, who joined the company in October 2022, has experience of close to three decades in the asset management business.

Motilal Oswal AMC also elevated its Chief Business Officer Akhil Chaturvedi to the position of executive director of the company.

Chaturvedi, associated with the company for over 11 years, has been leading the entire sales and operations functions. He has 25 years of experience in multiple functional roles, including sales, distribution, client advisory and business development across leading asset management companies.

In addition, the company elevated Niket Shah, MF - Fund Manager of designated schemes of Motilal Oswal Mutual Fund, to the position of chief investment officer of the fund.

Shah 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.

All the changes are effective from 26 April.

“This leadership transition not only recognizes their efforts, but also demonstrates our focused progression towards attaining market leading positions across our businesses,” Motilal Oswal AMC Chairman Raamdeo Agrawal said.

Motilal Oswal AMC’s assets under management stood at 71,810 crore rupees ($8.62 billion) in March 2024, up from 45,712 crore rupees in March 2023, according to the statement.

Note: $1= 83.3201 Indian rupees

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