IIFL Asset Management (IIFL AMC) announced the appointment of Mr. Manoj Shenoy as the Chief Executive Officer with effect from February 2, 2021. Mr. Shenoy joined the IIFL Wealth group (IIFLW) in April 2020 as Executive Director following IIFLW’s acquisition of L&T Capital Markets Limited (LTCM), a wholly owned subsidiary of L&T Finance Holdings Limited (LTFH).
Mr. Shenoy has close to three decades of experience in the financial services industry. Prior to joining IIFL Wealth & Asset Management, he was CEO at L&T Financial Services – Wealth Management business. Besides a successful stint as CEO of EFG Wealth Management India, a subsidiary of ETG Bank – a boutique Swiss Private Bank, Mr. Shenoy was also Executive Director at Anand Rathi Financial Services. Mr. Shenoy holds a Bachelor’s Degree in Engineering from Bangalore University.
Karan Bhagat, MD & CEO, IIFL Wealth Management Ltd, said, “The appointment of Manoj Shenoy will further strengthen our position in the asset management industry. IIFL AMC has been a thought leader with innovative offerings. The rich experience Manoj possesses in leading teams will immensely help the growth plans we have charted out for our asset management business.”
Manoj Shenoy, CEO, IIFL AMC, said, “I am excited to lead the dynamic team at IIFL AMC, which is a leader in the AIF space and known for its innovative edge. IIFL AMC is well-positioned to capitalise on the growth opportunities presented by the Indian market with our differentiated offerings and proven track-record.”