Motilal Oswal Group has announced that Navin Agarwal, who has been Managing Director, Motilal Oswal Financial Services Ltd (MOFSL) till date, will lead Motilal Oswal AMC (MOAMC) as its MD & CEO.
Aashish Somaiyaa has decided to move on from the post of MD & CEO of Motilal Oswal AMC in pursuit of his personal aspirations to work for a start-up.
Navin Agarwal 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 full time assignment as MD and CEO of MOAMC. On behalf of the board, he had also been overseeing the AMC business closely for the past two years.
Further, MOFSL has appointed Rajat Rajgarhia as the Whole-time Director & Designated Director of MOFSL, subject to approval of the shareholders and stock exchanges.
