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Anil Ambani led Reliance Capital has appointed Shek Chee Seng as the new chief executive officer of Reliance Asset Management (Singapore) Pte Ltd. (RAMS). The move is a part of the company’s plans to expand its financial services business across the globe.

 

In his new role, Chee Seng will lead the business strategy for the overall growth of RAMS, which is a wholly owned subsidiary of Reliance Capital Asset Management Limited, held by Reliance Capital Limited. He will also work towards making Reliance Capital a global Asset Management company.  He will directly report to Vikrant Gugnani, CEO and President, International Businesses, Reliance Capital Limited.

 

In a press statement, Chee Seng said that his immediate plan would be to leverage the company’s India investment capability and put in place an emerging markets investment team. He also plans to collaborate closely with the other group companies to leverage synergies and opportunities within and outside India. “We are also open to co-operating with third parties in markets where we can build scale and reach a leadership position. The bottom-line is to make Reliance Capital a global brand and a household name,’’ he said.

 

Chee Seng has 23 years of experience in the financial services industry in South East Asia and Greater China region.  He was previously the chief executive officer of CITIC - Prudential Fund Management (PFM) in China. At CITIC PFM, he was responsible for setting up the operations from scratch.

 

Chee Seng has also worked with HSBC Asset Management, ABN Amro Asset Management and Citibank Global Asset Management in Singapore.

 

RAMS holds a Capital Markets Services license issued by the Monetary Authority of Singapore for carrying out fund management activities under the Securities and Futures Act.  It manages funds in the equities, fixed income and derivatives space. Currently, its funds are India-focused.