Motilal Oswal Financial Services announces leadership rejig across verticals

Tulsyan, who has led the alternatives platform for 20 years, will also join the MOFSL board and continue to guide the platform's growth strategy. Sinha brings nearly 30 years of experience in private equity and alternative investments. He previously served as Executive Director and Chief Investment Officer at the National Investment and Infrastructure Fund (NIIF), which manages around $5 billion in assets.

He has also held leadership positions at Tata Capital and Temasek. In the wealth management business, Suresh Shukla, currently Executive Director and Chief Business Officer, will take over as MD and CEO, succeeding Ajay Menon. Shukla has nearly three decades of experience in broking and wealth management, including a 25-year stint at Kotak Securities and three years at SBI Securities. The private wealth management business will be jointly led by Anupam Guha and Akash Hariani as MD and CEOs.

Pratik Oswal, co-promoter and board member, will take over as Chairman of Motilal Oswal Private Wealth Management (MOPWM). Menon and Shanker, who were leading the retail broking and private wealth businesses respectively, will leave the group to pursue their startup plans. Commenting on the changes, co-founder Motilal Oswal said the group remained focused on strengthening its leadership pipeline and building institutional capabilities.

"We thank Ajay & Ashish for their invaluable contribution, commitment and role in building the organisation over the years. We also welcome Padmanabh into the MOFSL family. We are known and recognised as Leadership Factory in the industry. We also congratulate our internal leaders, Suresh Shukla, Anupam Guha, Akash Hariani and Pratik Oswal on their extremely well-deserved elevation and wish them the very best in building the next phase of growth," Oswal added.

The company said the appointments reflect its focus on succession planning and nurturing internal talent, with a pipeline of 150 identified high-potential leaders across the group.