Anmol Ambani inducted on Reliance Nippon Life Asset Management, Reliance Home Finance boards
Anmol Ambani, 26, the eldest son of Reliance Group Chairman Anil Dhirubhai Ambani, is currently Executive Director of Reliance Capital, the holding company of the Group's financial services businesses
Mumbai: The Board of Directors of Reliance Nippon Life Asset Management (RNAM) and Reliance Home Finance (RHF) have appointed Anmol Ambani onto their respective boards.
Anmol Ambani, 26, the eldest son of Reliance Group Chairman Anil Dhirubhai Ambani, is currently Executive Director of Reliance Capital, the holding company of the Group's financial services businesses.
"Since joining the Reliance Capital board in August 2016, Anmol has played an active role in steering the strategy and performance of the operating companies working closely with their respective CEOs, and in bringing about greater cohesion among group entities. I am delighted with the strong performance that the businesses have delivered across the board under Anmol's leadership," Group Chairman Anil Dhirubhai Ambani said.
"Anmol has effected significant changes to the senior leadership team in the group companies, attracting a string of top talent from reputed companies. This positions us better for future growth, has helped bring in fresh thinking and augurs well for the culture change Anmol is driving across the group," he added.
"In a fast-growing economy, the potential for both Reliance Nippon Life Asset Management and Reliance Home Finance is immense, and I am happy we are capturing these opportunities as our recent financial performance reflects," said Anmol Ambani.
In the last 20 months, the Reliance Capital Group has hired four new CEOs for the operating companies, created a new Group Chief Operating Officer position, and appointed five new group function heads.
Since January this year, four of the group companies -- RNAM, RHF, Reliance Securities and Reliance Money -- have featured in The Great Place to Work Institute's Asia and India lists.
Reliance General Insurance's Q1 net up 29.5% on increase in gross written premium, stable combined ratio
Gross written premium of the company, a subsidiary of Reliance Capital, rose 23 percent to Rs 1,571 crore, taking its market share to 8.8 percent among the private sector players
Reliance Home Finance debuts at NSE, co to leverage growth prospects of housing market
Reliance Home Finance has assets under management (including securitised portfolio) of Rs 13,022 crore ($2 billion) as of June 30, 2017.
Anil Ambani's Reliance group plans MF unit IPO; may get Rs 20,000 cr valuation
The board of Reliance Nippon Life Asset Management (RNAM) today approved a proposal to list its shares on the stock exchanges, the company said.