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| Reliance Cap appoints Shek Chee Seng CEO for AMC in Singapore |
| Press Trust of India / Mumbai Jun 25, 2009, 15:16 IST |
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Reliance Capital Limited has announced the appointment of Shek Chee Seng as the new CEO of Reliance Asset Management (Singapore) Pte Ltd (RAMS), a wholly-owned subsidiary of Reliance Capital Asset Management Limited.
RAMS holds Capital Markets Services licence issued by the Monetary Authority of Singapore for carrying out fund management activities under the Securities and Futures Act.
It manages funds in the equities, fixed income and derivatives space, and presently, the equity funds are India-focussed, a press release issued here said.
The announcement of the appointment of Shek Chee Seng was made by Vikrant Gugnani, CEO and President, International Businesess, Reliance Capital.
Shek Chee Seng has over 23-years of experience in the financial services industry in south-east Asia and Greater China and was previously the CEO of CITIC-Prudential Fund Management in China, the release said.
Chee Seng would be directly reporting to Gugnani.
In his new role, Chee Seng will lead business strategy for the overall growth of RAMS, a wholly-owned subsidiary of Reliance Capital Asset Management, which, in turn, is held by Reliance Capital.
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