Motilal Oswal Private Wealth Management (MOPWM), the Private Wealth business of Motilal Oswal Financial Services Limited, has named Virendra Somwanshi as its new Managing Director & CEO.
Virendra brings holds over 22 years of vast experience across various responsibilities.
Prior to his new appointment, Somwanshi was associated with BOB Capital Market, as its Head, Wealth Management & Equities.
At BOB Capital Market, he successfully built the industry’s first scaled-up wealth management business segregating Advisory and Distribution in two different legal vehicles, in a short span of 2.5 years.
He was earlier associated with Citi, where he handled multiple businesses across Consumer Banking both Assets & Liabilities, Wealth Management, Securities and Investments Management in India and Singapore.
With more than 17 years of experience at Citi, he holds a record of scaling up the Retail Banking and Wealth Management franchise in India
Commenting on the appointment, Motilal Oswal, Managing Director, Motilal Oswal Financial Servcies said,“We are on a positive growth trajectory and well-positioned to continue building on our momentum. Virendra has demonstrated exemplary leadership in his previous positions. He brings with him great expertise and experience in handling affluent client portfolios. I am sure he will inspire the private wealth team to realise the potential of being leaders and most preferred wealth managers.”
About this new journey in career, Virendra Somwanshi said,“Motilal Oswal is a very strong, respected and powerful brand with a reputation of client centric and strong research based offerings. I am very excited to join the group and lead the next phase of growth. Private wealth management Industry is at the cusp of phenomenal growth in India and we will endeavour to provide cutting edge best in class solutions to our clients and enhanced career opportunities to our employees”