Aashish Somaiyaa quits Motilal Oswal AMC, Navin Agarwal takes charge as MD & CEO

Aashish Somaiyaa has resigned from the position of MD &CEO of Motilal Oswal AMC. The company 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 new MD & CEO.

A press release from the company said that 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. “Motilal Oswal Group wishes him all the best,” the press release said.

Navin Agarwal who 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 Managing Director and CEO of MOAMC. The company also said that Agarwal had also been overseeing the AMC business closely for the past 2 years.

MOFSL has also approved the appointment of Rajat Rajgarhia as the full-time Director & Designated Director of MOFSL, subject to approval of the shareholders and stock exchanges.


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