IIFL Asset Management appoints Manoj Shenoy as CEO

By Edil Corneille

IIFL Asset Management (IIFL AMC) announced the appointment of Manoj Shenoy as the Chief Executive Officer (CEO) with effect from February 2, 2021. 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).

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, Shenoy was also Executive Director at Anand Rathi Financial Services. He 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.”

IIFL Asset Management is an India-focused global asset management company. It provides differentiated investment products suited for the dynamic market environment. A disciplined and active management approach combined with research-led strategies allows the company to tap into India’s potential for delivering on its commitments and long-term growth. The AMC’s diversified suite of mutual funds, alternative investment funds and venture capital funds span public and private equities as well as fixed income securities.