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Strengthens leadership team – Hires senior talent from the industry

Motilal Oswal Private Wealth (MOPW) has taken bold initiatives to strengthen its leadership team by onboarding senior wealth management professionals across Ultra HNI/Family Office, offshore business, Investor Advisory, Human Resources and Marketing functions. This move will add serious leadership bandwidth to the business allowing the company to expand its footprint across several geographies in India and offshore locations. The hiring is in line with the ambitious plans for the wealth management business.

Apurva Kothari, Srinivas Mendu, Narender Reddy, Shradha Bhat and Mitali Chitnis were recently roped in by MOPW for senior roles.

Apurva Kothari has joined to lead the Ultra HNI/ Family Office and offshore business. A veteran in the industry, Apurva has close to 26 years of enriching experience across corporate banking, private banking (offshore and onshore). He was last associated with Citigroup Private Bank and was responsible for growing the global South Asian business in UNHW segment. He has also managed a billion-dollar family office.

Srinivas Mendu has joined to lead the business in the south. Srinivas was last associated with ICICI Securities Private Wealth Ltd where he was responsible for scaling the Private Wealth business in the Southern region. He brings along with him 21 years of experience and will be based out of Bengaluru.

Narender Reddy will be leading the Investment Advisory function. He has 18 years of experience across institutions like ICICI Prudential, HSBC, ICICI securities to name a few.

Additionally, Mitali Chitnis has joined to lead the Human Resources function and Shradha Bhat has joined to lead the Marketing function.

Currently, MOPW caters to 4700+ families and manages close to 38,400 crores of wealth and distribution assets. The company is present at 11 locations and aims to double the numbers. Over the next 18-24 months, the company aims to increase its relationship managers to 250 from the current 150 through its Associate Programme.

Commenting on this development, Ashish Shanker, MD & CEO, Motilal Oswal Private Wealth said, “We are very excited about the prospects of the wealth management business. This investment in senior leaders will allow us to expand our footprint and garner a rightful share of the wealth business in India as well as in certain attractive offshore locations.”

MOPW has a holistic approach to working with HNI/ UHNI families to address their wealth needs starting with creating a plan (investment charter), asset allocation across equities, fixed income, cash and alternates, and succession planning. Being an integrated financial institution, the company is able to bring a range of services such as real estate advisory, investment banking, institutional equities, broking and alternate opportunities to the clients.

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