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Posted on Oct 03, 05:21PM | UNI
Reliance Capital Asset Management (RCAM), part of Reliance Capital Ltd (RCL), today announced the appointment of Amit Tripathi as the Head of Fixed Income.
Tripathi takes over from Amitabh Mohanty, who moves to RCL, a part of the Reliance Group, as Head of Debt Strategies.
Reliance Capital group companies manage substantial debt assets of over Rs 1.23 lakh crore, spread across various businesses including Mutual Funds, Life Insurance, General Insurance and EPFO.
RCAM manages over Rs 50,000 crore in debt assets.
"We are pleased to announce the elevation of Amit Tripathi as the Head of Fixed Income at RCAM. At the age of 28 years he became one of the youngest debt fund manager at RCAM. He has since been a key member of RCAMs Debt fund management team," said RCAM CEO Sundeep Sikka.
Over the last 9 years, Amit has played a crucial role in the growth of RCAM and successfully managed various fixed income funds which have been recognised for superior performance both nationally and internationally, he added.
In his new role, Amit Tripathi would be directly responsible for managing and expanding the debt portfolio under RCAM.
He will move into his new role from November 1, 2012.
"Amitabh has played a critical role in shaping the mutual fund business and building a strong debt portfolio over the last seven years. He has built a strong team, delivered on fund performance, and set high benchmark within the industry. We now look forward to his contribution on a larger canvas across all RCL group companies," said Mr Sam Ghosh, CEO, Reliance Capital.