Motilal Oswal AMC promotes Prateek Agrawal as MD and CEO, Niket Shah as fund manager of designated schemes

Motilal Oswal Asset Management Company (AMC) has elevated Prateek Agrawal as managing director (MD) and chief executive officer (CEO) of the company. His appointment is effective from April 26, 2024, subject to necessary approvals.

Agrawal will take the charge from Navin Agarwal, who will go back to his group role, according to a stock market disclosure.

He has almost 30 years of experience, and joined Motilal Oswal AMC in October 2022, the AMC's listed arm Motilal Oswal Financial Services said in a stock exchange filing.

In his new capacity, Agrawal will continue to drive strategic initiatives and contribute to the overall growth of the Motilal Oswal Group.

Additionally, Akhil Chaturvedi, currently chief business officer of Motilal Oswal AMC, has been elevated to the position of executive director. He has been associated with the asset management firm for over 11 years and has been leading the entire sales and operations functions.

Further, Niket Shah, fund manager of designated schemes of Motilal Oswal Mutual Fund, has been promoted to the position of chief investment Officer. He has also been associated with the Motilal Oswal Group for over 11 years.

All of them will start their new roles with effect from April 26.

"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 and CEO reinforces our commitment to internal capabilities and a culture of growth and excellence," Raamdeo Agrawal, Chairman, of Motilal Oswal AMC, said.

Motilal Oswal AMC's assets under management rose to Rs 71,810 crores in March 2024 from Rs 45,712 crore in March 2023.

With agency inputs