Reliance Capital Asset Management (RCAM), part of Reliance Capital Limited, has announced appointment of Amit Tripathi as the Head of Fixed Income.

In a similar move, Reliance Capital Ltd. (RCL), a part of the Reliance Group, has announced the appointment of Amitabh Mohanty, presently Head of Fixed Income, RCAM, as the Head of Debt Strategies, Reliance Capital, with increased responsibilities across RCL businesses.

This was announced by Sam Ghosh, CEO, Reliance Capital and Sundeep Sikka, CEO, RCAM.

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 alone 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. 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 recognized for superior performance both nationally and internationally” said Sikka.

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 1 November 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 Sam Ghosh, CEO, Reliance Capital.

Amitabh will play a leadership role in expanding these assets, mentoring debt fund managers and providing strategic inputs on debt investments across Reliance Capital group companies, within the scope of the existing regulatory framework. He will also move into his new role from 1 November 2012.