Mumbai, July 28 (IANS) Reliance Capital Ltd, part of the Anil D. Ambani-led Reliance Group, on Friday announced the appointment of Sunil Singhania as its Global Head-Equities.
Singhania is currently the Chief Investment Officer (CIO)-Equities at Reliance Mutual Fund.
In the new role, effective from September 1, 2017, Singhania will have increased responsibilities across Reliance Capital’s various businesses, a statement from Reliance Capital said.
Reliance Capital’s various group companies manage substantial assets of over Rs 400,000 crore (US$ 60 billion) spread across various businesses including life insurance, mutual fund, offshore funds, pension funds, portfolio management services, alternative investment funds (AIF) and wealth management.
“Reliance Capital sees opportunities to expand its equities business across various platforms by tens of billions of dollars,” Amitabh Jhunjhunwala, Vice-Chairman, Reliance Capital, was quoted as saying in the statement.
Meanwhile, in a statement, Reliance Nippon Life Asset Management Ltd (RNAM), announced the appointment of Manish Gunwani as its new Chief Investment Officer-Equity. He will be joining the company on September 1, 2017.
Gunwani joins RNAM from ICICI Prudential Mutual Fund, where he served as Deputy CIO Equity, and managed assets of over Rs 35,000 crore, including some of the largest flagship funds.
Gunwani is an MBA from IIM Bangalore and B.Tech from IIT Madras.