Motilal Oswal Financial Appoints Prateek Agrawal as MD and CEO of Asset Management Company

Motilal Oswal Financial Services has announced the appointment of Prateek Agrawal as the new Managing Director and CEO of Motilal Oswal Asset Management Company, effective April 26, 2024. The leadership changes aim to leverage internal expertise and drive the company's growth strategy, as Motilal Oswal continues to deliver impressive performance and asset growth.

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Motilal Oswal Financial Appoints Prateek Agrawal as MD and CEO of Asset Management Company

Motilal Oswal Financial Appoints Prateek Agrawal as MD and CEO of Asset Management Company

Motilal Oswal Financial Services has announced the appointment of Prateek Agrawal as the Managing Director and CEO of Motilal Oswal Asset Management Company, effective April 26, 2024. Agrawal, who currently serves as the Executive Director, will be taking over the leadership role from Navin Agarwal, who will be returning to the parent company.

Prateek Agrawal brings nearly three decades of experience in the asset management industry to his new position. He has been associated with Motilal Oswal Asset Management since 2010, serving as the Chief Investment Officer. "These leadership changes are aimed at reinforcing the company's commitment to internal capabilities, growth, and excellence," stated Raamdeo Agrawal, the Chairman of Motilal Oswal AMC.

In addition to Agrawal's appointment, the company has also announced other strategic leadership changes. Akhil Chaturvedi, the current Chief Business Officer, has been elevated to the position of Executive Director, and Niket Shah, the Fund Manager, has been promoted to the role of Chief Investment Officer. These transitions are part of Motilal Oswal's efforts to recognize the contributions of internal talent and drive the company's growth strategy.

Why this matters: The leadership changes at Motilal Oswal Asset Management Company reflect the company's focus on leveraging internal expertise to strengthen its position in the highly competitive asset management industry. With a proven track record and experienced professionals at the helm, Motilal Oswal aims to continue its growth trajectory and deliver value to its investors.

Under the new leadership, Motilal Oswal Asset Management Company has reported impressive performance, with around 90% of its schemes outperforming their respective benchmarks. The company's assets under management have also seen significant growth, increasing from ₹45,712 crore in March 2023 to ₹71,810 crore in March 2024. These results demonstrate the effectiveness of the company's investment strategies and the capabilities of its management team.

Key Takeaways

  • Prateek Agrawal appointed as MD and CEO of Motilal Oswal Asset Management, effective April 2024.
  • Agrawal has nearly 30 years of experience in the asset management industry.
  • Akhil Chaturvedi elevated to Executive Director, Niket Shah promoted to Chief Investment Officer.
  • Motilal Oswal's schemes outperformed benchmarks by 90%, AUM grew from ₹45,712 cr to ₹71,810 cr.
  • Leadership changes aim to leverage internal talent and drive the company's growth strategy.