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Virendra Somwanshi joins Motilal Oswal Private Wealth Management as Managing Director & CEO

Mumbai 29-Oct-2019

Motilal Oswal Private Wealth Management (MOPWM), the Private Wealthbusiness of Motilal Oswal Financial Services Limited, has appointed VirendraSomwanshi as Managing Director & CEO. Virendra brings with him 22 years ofvast experience across various roles. 

Prior to joining MOPWM, he has worked with BOB Capital Market, as Head -Wealth Management & Equities. In a short span of 2.5 years, he has builtthe industry’s first scaled-up wealth management business segregating Advisoryand Distribution in two different legal vehicles. In his earlier stint at Citi,he has worked in multiple businesses across Consumer Banking both Assets &Liabilities, Wealth Management, Securities and Investments Management in Indiaand Singapore. With over 17 years at Citi, he has a long & successfulrecord of scaling up the Retail Banking and Wealth Management franchise inIndia

The appointment will strengthen the team of MOPWM and provide a strongleadership and renewed vision. Virendra will be responsible for driving MOPWMto the next level, building on the solid foundation and momentum achieved bythe MOPWM team under Vijay Goel’s leadership. Vijay Goel will take over as theCEO of Motilal Oswal Home Finance Ltd, the groups’ Home Finance Business

Commenting on the appointment, Mr. Motilal Oswal, Managing Director,Motilal Oswal Financial Servcies said, “We are on a positive growthtrajectory and well-positioned to continue building on our momentum. Virendrahas demonstrated exemplary leadership in his previous positions. He brings withhim great expertise and experience in handling affluent client portfolios. I amsure he will inspire the private wealth team to realise the potential of beingleaders and most preferred wealth managers.”

About this new journey in career, Virendra Somwanshi said,Motilal Oswal is a very strong, respectedand powerful brand with a reputation of client centric and strong researchbased offerings.  I am very excited tojoin the group and lead the next phase of growth. Private wealth managementIndustry is at the cusp of phenomenal growth in India and we will endeavour toprovide cutting edge best in class solutions to our clients and enhanced careeropportunities to our employees


About Motilal Oswal WealthManagement:

Motilal OswalPrivate Wealth Management (MOPWM) is a part of Motilal Oswal Group – a brandthat is trusted for knowledge based investing with a proven performance trackrecord over 30 years. MOPWM was incorporated in year 2007 to cater Corporates/Institutions, High Net Worth and Ultra High Net worth Individuals. We useknowledge to identify the right mix of Fund Managers across asset classes toensure that you have winning portfolio. “The more we know, the more you win”hence our wealth managers are empowered with the science and art of investing.In addition to these, you also experience new insights and ideas on wealthcreation through our exclusive knowledge events. As of June 2019, we manage thewealth needs of over 3000 HNI families through a 200+ member team across 9cities with assets under advisory of over Rs. 18,000 Crore.

Website: http://www.motilaloswalpwm.com/

Twitter: @MotilalOswalPWM


For any further details,please contact:

RohiniKute, Head – Group Corporate Communication, Motilal Oswal Financial Services

+9198201 96838, Rohini.kute@motilaloswal.com