Nitin Rao appointed as Reliance Wealth Management CEO

Newstrack
Published on: 4 April 2018 8:18 AM GMT
Nitin Rao appointed as Reliance Wealth Management CEO
X

Mumbai: Reliance Wealth Management, a subsidiary of Reliance Capital, on Wednesday announced the appointment of Nitin Rao as its new Chief Executive Officer.

In this newly created role, Rao will report to Anmol Ambani, Executive Director at Reliance Capital, and will be responsible for driving a more broad-based strategy for growing the wealth management offering to high net worth individuals.

ALSO READ: Preview: India eyes rich medal haul at Gold Coast CWG 2018

"I am delighted to welcome Nitin as the CEO of our Wealth Management business. The business has delivered strong performance in recent years focusing on Ultra High Net Worth Individuals, with Assets Under Management (AUMs) increasing to Rs 7,000 crore," said Anmol Ambani.

"Having built a credible open architecture platform, under Nitin's guidance, this business will target all segments of the customer wallet and look to build substantial market share going forward," he added.

ALSO READ: Bihar Dalit leader Ramai Ram demands ‘Harijanistan’

Rao joins Reliance Wealth Management after 19 years at HDFC Bank, where he was Executive Vice President - Private Banking Group & Third Party Products, and had built its wealth business ground up into a significantly dominant leadership position.

IANS INPUTS...

Newstrack

Newstrack

Next Story