Motilal Oswal Financial Services Limited announced that at its board meeting held on January 24, 2024, shareholders approved the appointment of Amit Ramchandani, Chief Executive Officer (CEO) of Investment Banking (IB) Business of Motilal Oswal Investment Advisors Limited, a Wholly Owned Subsidiary of the Company as Senior Management Personnel of the Company in place of Mr. Abhijit Tare based on recommendation of Nomination and Remuneration Committee. Mr. Ramchandani has more than two decades of experience in the Financial Sector and across Investment Banking at JM Financial since 2018. He has previously worked across other reputable organizations like IDFC Bank, ICICI Securities, SBI Capital Markets etc.

He is a post-graduate in management studies from Jamnalal Bajaj Institute of Management Studies, Mumbai. Date of Appointment/Cessation: January 24, 2024.