Prateek Agrawal to Lead Motilal Oswal Group as MD & CEO (Image Source: PTI)
The Motilal Oswal Group has announced strategic leadership changes within Motilal Oswal Asset Management Company (MOAMC). Mr. Prateek Agrawal has been elevated to the position of Managing Director & Chief Executive Officer of MOAMC, effective April 26, 2024.
With nearly three decades of extensive experience in the asset management domain, Prateek Agrawal brings a wealth of knowledge and expertise to his new role.
Akhil Chaturvedi, currently serving as the Chief Business Officer of MOAMC, has been elevated to the esteemed position of Executive Director. With over 11 years of dedicated service to MOAMC, Akhil brings a wealth of experience to his new role, having spearheaded the Sales & Operations functions with exceptional proficiency. His extensive background spanning 25 years encompasses diverse functional roles across sales, distribution, client advisory, and business development within the asset management domain.
Furthermore, Niket Shah, entrusted with managing designated schemes of Motilal Oswal Mutual Fund, has ascended to the role of Chief Investment Officer. Niket’s association with the Motilal Oswal Group spans over 11 years, during which he has distinguished himself with his expertise as a fund manager and research analyst.
With a robust track record spanning more than 14 years, Niket has demonstrated outstanding performance in his capacity as a fund manager, notably overseeing flagship schemes such as the Motilal Oswal Flexicap Fund and Motilal Oswal Midcap Fund, both of which boast Assets Under Management (AUM) exceeding Rs. 18,000 crores.
Speaking on the development, Mr. 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. “
Agrawal added, “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.”
