Aashish Somaiyaa exits Motilal Oswal AMC after 7 year at the helm

Navin Agarwal, who had been managing director for Motilal Oswal Financial Services, will lead the AMC as its MD and CEO

Aashish Somaiyaa, managing director (MD) and chief executive officer (CEO) of Motilal Oswal Asset Management Company (AMC), has decided to quit after heading the fund house for seven years. Navin Agarwal, who was the managing director for Motilal Oswal Fina­ncial Services, will lead the AMC as its MD and CEO.

“Aashish Somaiyaa has decided to move on from the post of MD and CEO of Motilal Oswal AMC in pursuit of his personal aspirations to work for a start-up,” the company said. According to industry grapevine, Somaiyaa may be joining Paytm AMC, but this could not be ascertained.

In the March quarter