Mumbai, 31July 2020: Motilal Oswal Group has announced that Navin Agarwal, who has been ManagingDirector, 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 inpursuit of his personal aspirations to work for a start-up. Motilal Oswal Groupwishes him all the best.
Considering theimportance of the Asset Management Business, the MOFSL board has decided thatNavin Agarwal who has been with MOFSL over the last 20 years and has beeninstrumental in developing the entire portfolio of MOFSL businesses, willrelinquish executive responsibilities at MOFSL and take up full time assignmentas Managing Director and CEO of MOAMC. On behalf of the board, he had also been overseeing the AMC businessclosely for the past 2 years.
MOFSL is veryconfident that Navin’s induction as MD & CEO of MOAMC with Raamdeo Agrawalcontinuing as Chairman, will not only ensure continuity but also provide strongleadership and huge scalability to the AMC business.
MOFSL further informs that the Board atits Meeting has approved the appointment of Mr. Rajat Rajgarhia as theWhole-time Director & Designated Director of MOFSL, subject to approval ofthe shareholders and stock exchanges.
AboutMotilal Oswal Asset Management Company:
Motilal OswalGroup possesses legacy in equities for over 3 decades. Motilal Oswal AssetManagement Company (Motilal Oswal AMC) is registered with SEBI as theInvestment Manager for Motilal Oswal Mutual Fund. It was incorporated onNovember 14, 2008. It provides Investment Management and Advisory Services toinvestors based within and outside India and having AIF’s Portfolio ManagementServices business, ETFs and Mutual Funds.
Motilal OswalAMC (MOAMC) is one of the most honoured and trusted names in equity investing.MOAMC is one of the pioneers of PMS business with over 17 years of trackrecord. It is also one of the pioneers of passive funds in India through ETFsway back in 2010.
MOAMC is oneof the fastest growing Asset Management Companies in India with a uniqueinvestment philosophy, ‘Buy Right; Sit Tight’ which means buying qualitycompanies at a reasonable price and Sit Tight to ride their growth cycle for along period of time.
AboutMotilal Oswal Financial Services Limited
MotilalOswal Financial Services Ltd. (MOFSL) is a diversified financial servicescompany. Its offerings include capital markets businesses (Retail broking,Institutional broking & Investment banking), Asset & Wealth Management(Asset Management, Private Equity & Wealth Management), Housing Finance& Equity based treasury investments.
MOFSL’score purpose is to be well respected and preferred global financial servicesorganization enabling wealth creation for customers. Research is the solidfoundation and the investment advisory at Motilal Oswal Financial Services isbased on the research. MOFSL’s research has received wide media coverage andconsistently won awards, showcasing company''s strong research capabilities.This includes being awarded ''''''''Best Performing National Financial Advisor-Equity Broker'''''''''''''''' for six years at the UTI-CNBC TV18 Financial AdvisorAwards, Moneycontrol Wealth Creator Award –Best Broking Business Of TheYear-2018. MOFSL won “Broking House of the year” at MCX awards2019.
MOFSL’score purpose is to be a respected and preferred global financial servicesorganization enabling wealth creation for its customers.
For further details contact:
RohiniKute
Head,Corporate Communication,
MotilalOswal Financial Services
Mob+91 9820196838
Mail:rohini.kute@motilaloswal.com