Saturday, 21st November 2009

 

2 July 2008 - Press Briefing

Indian billionaire launches wealth management operations

Indian asset manager Reliance Money, part of the $100bn (€63.2bn) Reliance Anil Dhirubhai Ambani Group, on Tuesday announced its foray into wealth management, according to a report in The Economic Times of India.

Sudip Bandyopadhyay, director & chief executive of Reliance Money, said that the company will offer its clients a host of services - investment in equity-linked portfolio management services, structured products, insurance and mutual funds, tax planning & assessment, real estate, art advisory and estate planning.

The company will launch its wealth management services across India with a focus on retail clients, through its network of over 10,000 plus retail outlets across 5,000 plus towns and cities.

The wealth management services of Reliance Money will also be available to the 25 million NRIs and PIOs (person of Indian origins) through its overseas offices in the UAE, Oman and Hong Kong.

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