Reliance Capital Limited intends to be a well-respected global player in the international financial services sector. The company has a presence in the international asset management in Singapore and in Malaysia, through its Reliance Asset Management (Singapore) (RAMS) and Reliance Asset Management (Malaysia) (RAMMy). It also has a presence in the financial advisory business in the United Kingdom and in Dubai.
Singapore
Reliance Asset Management (Singapore) Pte. Ltd. (RAMS) is a private limited company with limited liability and is regulated by the Monetary Authority of Singapore (MAS). RAMS holds a Capital Markets Services (CMS) license issued by MAS, for carrying out fund management activities under the Securities and Futures Act (SFA). RAMS currently manages funds in equities, fixed income, and derivatives. Currently the equity funds are India-focused and RAMS intends to expand into other regions soon.
Reliance Capital (Singapore) Pte. Ltd. (RCSL) is in the process of applying for a financial advisory license from MAS in Singapore.
Malaysia
Reliance Asset Management (Malaysia) Sdn. Bhd. (RAMMy) has obtained an in-principle approval to establish an Islamic Asset Management company in Malaysia. RAMMy will be the international hub for the Islamic Asset Management business. The company intends to launch Shariah-compliant funds and managed account services for high-net worth and institutional investors.
United Kingdom
Reliance Capital Asset Management (UK) Plc has obtained authorization from the Financial Services Authority (FSA) to carry out financial advisory business.
Dubai
Recently, the UK entity has received an in-principle approval from Dubai Financial Services Authority to set up a branch office in DIFC, Dubai to cater to the high-net-worth and institutional clients in United Arab Emirates.
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