Motilal Oswal AMC elevates Prateek Agrawal as MD & CEO

Delhi: Motilal Oswal Group has announced leadership changes designed with strategies in Motilal Oswal  AMC (‘MOAMC'). 

Navin Agarwal has been associated with the Group for over 23 years. Further, he has been the MD and CEO  of MOAMC since July, 2020. With closing business hours of April 25, 2024, Agarwal will go back to his Group role and in this capacity, he will continue to drive strategic initiatives and contribute to the overall growth of the Motilal Oswal Group. 

The company has announced elevation of Prateek Agrawal as MD and CEO of MOAMC w.e.f April 26, 2024. Agrawal has experience of close to 30 years in the asset management business. Agrawal  joined MOAMC in October, 2022. 

Akhil Chaturvedi, currently Chief Business Officer of MOAMC, is now elevated to the position of  Executive Director. Chaturvedi has been associated with MOAMC for over 11 years and 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 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. 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. 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 w.e.f. April 26, 2024. 

Speaking on the occasion, Raamdeo Agrawal, Chairman, Motilal Oswal Asset Management  Company, 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 further added, “The elevation of Akhil and Niket underscores their proven track  record and dedication, solidifying their invaluable leadership roles within our organization.” 

Navinsaid, “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 further added about the 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.”