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- Mumbai 07 Jan 2013
Mr. Aashish P. Somaiyaa Appointed As CEO At Motilal Oswal Asset Management Company Ltd.
Mumbai, January 7, 2013: Motilal Oswal Asset Management Company Ltd, leading innovative fund house in the country and also a part of the Motilal Oswal Group, has appointed Aashish P Somaiyaa as CEO of the Motilal Oswal AMC Business.
Mr. Somaiyaa brings with him rich and varied experience - with more than 13 years in sales and distribution, channel management, product development and institutional sales from ICICI Prudential AMC and a brief stint at project management with Bharti AXA Investment Managers.
His last assignment was with ICICI Prudential AMC, as Senior VP & Head - Retail Business where he was responsible for sales, distribution and product development of Mutual Fund, PMS and Real Estate offerings through retail distribution, banking and private wealth management channels across India and UAE.
Mr. Somaiyaa holds a Bachelor of Engineering in Polymer Science and a Masters in Management Studies in Finance from NMIMS, Mumbai.
Speaking on the appointment, Mr Motilal Oswal, CMD, Motilal Oswal Financial Services said - “We are happy to have Aashish on board and are confident that he will play a key role in the continued growth of Motilal Oswal AMC. The mutual fund industry has huge potential in India and this key appointment underlines our commitment to become one of the leading innovative asset management companies in India.”
Motilal Oswal AMC is one of the most innovative fund houses in the country that strives to offer first-to-market products which involve the best of active management and passive strategies. The AMC’s products in the active equity management space by way of buy and hold value biased PMS products and in the passive space by way of international and local ETF are best suited to the evolving advisory and financial planning landscape.
Below are some of the AMCs first of its kind products:
• Motilal Oswal MOSt Shares M50 ETF (MOSt Shares M50) : India’s 1st and only fundamentally-weighted ETF, based on the S&P CNX Nifty Index (Nifty50)
• Motilal Oswal MOSt Shares Midcap 100 ETF (MOSt Shares Midcap100) : India’s 1st and only mid-cap ETF, based on the CNX Midcap Index
• Motilal Oswal MOSt Shares NASDAQ-100 ETF (MOSt Shares NASDAQ 100): India’s 1st US equity ETF, based on the NASDAQ-100 Index
• Motilal Oswal MOSt 10 year Gilt Fund (MOSt 10 Year Gilt Fund): India’s 1st fund to provide access to the 10-year benchmark G-Sec
• Motilal Oswal MOSt Shares Gold ETF (MOSt Gold Shares): India’s 1st gold ETF to convert ETF units to physical gold in quantities as low as 10 gms
About Motilal Oswal Asset Management Company Limited (MOAMC)
Motilal Oswal Asset Management Company (MOAMC) is a part of the Motilal Oswal Group and a 100% subsidiary of Motilal Oswal Securities Ltd. MOAMC is a public limited company incorporated under the Companies Act, 1956 on November 14, 2008. MOAMC has been appointed as the investment manager to Motilal Oswal Mutual Fund.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.
Mr. Hari Krishnan
Motilal Oswal Financial Services
Ph - +91-22-39825500
Mob- +91-9820520392
Mr. Anirudh Rajan / Alpesh Nakrani
Paradigm Shift Public Relations
Mob- +91-9892343828/ +91-9869121167
Tel- +91-22 22813797 / 98