Motilal Oswal effects leadership changes for AMC biz, elevates Prateek Agrawal as MD and CEO

Navin Agarwal has been associated with the group for over 23 years and served as the chief of AMC for over 3 years. Under his leadership, the AMC has seen a strong turnaround in overall performance.

"He will continue to leverage his extensive experience and expertise to drive strategic initiatives and contribute to the overall growth of the Motilal Oswal Group," according to an official statement.

Motilal Oswal AMC has a turnaround in performance with 90% of the total schemes outperforming their respective benchmarks. This has led to an improvement in assets under management (AUM) to Rs 71,810 crore in March 2024 from Rs 45,712 crore in March 2023.

Prateek has rich experience of close to 30 years in the asset management business. Having joined the AMC in 2022. During his tenure, he has demonstrated outstanding leadership and strategic insight.

Further, , currently chief business officer, is now elevated to the position of Executive Director. Akhil has been associated with the fund house for over 11 years and has been leading the entire sales and operations functions.

He has 25 years of rich experience in multiple functional roles including sales, distribution, client advisory, and business development across leading asset management companies.

Niket Shah, MF - Fund Manager of designated schemes of Motilal Oswal MF, has been elevated to the position of Chief Investment Officer. Niket 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.

"This leadership transition not only recognizes their efforts but also demonstrates our focused progression towards attaining market leading positions across our businesses," said Raamdeo Agrawal, Chairman, Motilal Oswal AMC said.