Motilal Oswal Group has announced that Navin Agarwal, who has been Managing Director, Motilal Oswal Financial Services Ltd (MOFSL) till date, will lead Motilal OswalAMC (MOAMC) as its MD & CEO.
Aashish Somaiyaahas decided to move on from the post of MD & CEO of Motilal Oswal AMC in pursuit of his aspirations to work for a start-up. Motilal Oswal Group wishes him all the best.
Considering the importance of the Asset Management Business, the MOFSL board has decided that Navin Agarwal who has been with MOFSL over the last 20 years and has been instrumental in developing the entire portfolio of MOFSL businesses, will relinquish executive responsibilities at MOFSL and take up a full-time assignment as Managing Director and CEO of MOAMC. On behalf of the board, he had also been overseeing the AMC business closely for the past 2 years.
MOFSL is very confident that Navin’s induction as MD & CEO of MOAMC with Raamdeo Agrawalcontinuing as Chairman, will not only ensure continuity but also provide strong leadership and huge scalability to the AMC business.
MOFSL further informs that the Board at its meeting has approved the appointment of Rajat Rajgarhia as theWhole-time Director & Designated Director of MOFSL, subject to the approval of the shareholders and stock exchanges..