By 16 December, 2008

Reliance Capital, a unit of Anil Dhirubhai Ambani group, has announced the appointment of Vikrant Gugnani as the President and Chief Executive Officer- International Business, Reliance Capital Ltd. Vikrant Gugnani, who is presently serving as the CEO, Reliance Capital Asset Management, will now lead the international business strategy across all lines of businesses for financial services for the group.

Reliance capital deals in asset management, mutual find, life and general insurance,  private equity and proprietary investments, stock broking, depository services,  distribution of financial products, consumer finance and other activities in financial services.

The company also announced that Sundeep Sikka, currently Deputy CEO, Reliance Capital Asset Management Ltd., is taking over  over as CEO, Reliance Capital Asset Management. Both these appointments will be affective from January 1, 2009.

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