Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Reliance Capital Limited    RELCAPITAL   INE013A01015

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Reliance Capital Limited : RCAM signs MoU with UBS Global Asset Management

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/01/2013 | 12:12pm CET



1 February 2013

News Release

UBS Global Asset Management and Reliance Capital Asset Management sign MoU Under the Memorandum of Understanding (MoU) signed, UBS Global Asset Management and Reliance Capital Asset Management (RCAM) will explore opportunities for developing, structuring, managing and distributing/marketing each other's investment products, capabilities and services, both inside and outside India.

Hong Kong, 1 February 2013 - Under the MoU both companies will pursue opportunities presented by the Indian asset management market which has grown by around 13% per annum since 2008. Currently worth USD 160 billion, not only is the market expected to post compound annual growth of
10% over the next several years but it is also characterized by low penetration levels, increasingly sophisticated investors, and positive momentum in pension reform.
"UBS has rich experience across all major traditional and alternative asset classes and is one of the largest asset managers in the world with extensive product management and distribution capabilities in every region. Its experience globally, coupled with best-in-class international practices, will help us significantly expand our global footprint.
"In return, RCAM offers its deep understanding and best-in-class India investment capabilities. Together we can offer world-class investment opportunities to both retail and institutional investors in India and abroad," said Sundeep SIKKA, CEO of Reliance Capital Asset Management.
"The MoU allows UBS Global Asset Management to leverage Reliance's strong capabilities and performance in its home market and provide our clients with access to high-quality products and services in India's fast-growing fund management industry. At the same time, RCAM will benefit from UBS's international expertise and client reach," said Kai SOTORP, Head of Asia Pacific of UBS Global Asset Management.

UBS AG, News Release, 1February 2013 Page 1 of 2



UBS AG

UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. Its business strategy is centered on our pre-eminent global wealth management businesses and its universal bank in Switzerland. Together with a client-focused Investment Bank and a strong, well-diversified Global Asset Management business, UBS will expand its premier wealth management franchise and drive further growth across the Group.
UBS is present in all major financial centers worldwide. It has offices in more than 50 countries, with about 35% of its employees working in the Americas, 36% in Switzerland, 17% in the rest of Europe, the Middle East and Africa and 12% in Asia Pacific. UBS employs about 64,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

Media contact

Mark Panday: +852-2971 8221 mark.panday@ubs.com
www.ubs.com

Reliance Capital Asset Management

RCAM is the largest and most profitable AMC in India, in terms of AUM, managing approximately Rs.
1,64,785 crore (US$ 30.4 billion) across mutual funds, government sponsored public funds, managed accounts and hedge funds.
RCAM is the only AMC in India to have been chosen to manage both, the public funds sponsored by the Indian government - the Provident Fund and Pension Fund.
The company offers a well-rounded portfolio of products, that meet varying requirements, and constantly endeavors to launch innovative products and customer service initiatives to enhance value for its investors.
RCAM is part of Reliance Capital, one of India's largest financial services companies with over 20 million customers

Media contact

Sharad Goel: Reliance Capital +919324984296 sharad.goel@relianceada.com
www.reliancemutual.com

UBS AG, News Release, 1 February 2013 Page 2 of 2

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on RELIANCE CAPITAL LIMITED
11/25 RELIANCE CAPITAL : Nippon Life increases stake in Reliance Life Insurance to 49 ..
11/24 RELIANCE CAPITAL : ZEE BUYS ANIL AMBANI'S TV, RADIO BIZ FOR Rs1,900 CRORE
11/23 ZEE ENTERTAINMENT ENTERPRISES : ZEEL acquires General Entertainment TV Channels ..
11/09 RELIANCE CAPITAL : FAIRFAX SEEKS RBI NOD TO INVEST Rs1,000 CRORE IN CATHOLIC SYR..
10/28 RELIANCE CAPITAL LTD : invests in company involved in IOT
10/25 RELIANCE CAPITAL : POSTS Rs253-CRORE PROFIT IN JUL-SEPT 2016
10/25 RELIANCE CAPITAL : RCAP POSTS Rs253 CRORE NET PROFIT
10/24 RELIANCE CAPITAL : Q2 cons net profit rises 31% at Rs 327 crore
10/13 RELIANCE CAPITAL : ZEE to buy Anil Ambanis Reliance Broadcast Networks for Rs 1,..
10/07 RELIANCE CAPITAL : Insurance Newsletter - October 03 to 07, 2016
More news
Sector news : Investment Management & Fund Operators - NEC
12:06aDJBuyout Firm Stone Canyon in Talks to Buy Mauser Group
12/08 UniCredit sells Polish assets ahead of share issue
12/08DJBLACKROCK : Signs Preliminary Pact to Move to Manhattan's West Side
12/08DJBANK OF NEW YORK MELLON : Lost Ability to Process Payments for 19 Hours
12/08 BLACKROCK : adjusts leadership team for its largest mutual fund
More sector news : Investment Management & Fund Operators - NEC
Advertisement
Financials ( INR)
Sales 2017 136 083 M
EBIT 2017 26 652 M
Net income 2017 8 268 M
Debt 2017 -
Yield 2017 2,33%
P/E ratio 2017 10,63
P/E ratio 2018 8,97
Capi. / Sales 2017 0,81x
Capi. / Sales 2018 0,74x
Capitalization 110 363 M
More Financials
Chart RELIANCE CAPITAL LIMITED
Duration : Period :
Reliance Capital Limited Technical Analysis Chart | RELCAPITAL | INE013A01015 | 4-Traders
Full-screen chart
Technical analysis trends RELIANCE CAPITAL ...
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 596  INR
Spread / Average Target 36%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Soumen Ghosh Group Chief Executive Officer & Executive Director
Ramachandran Mohan Vellore President, Secretary, Manager & Compliance Officer
Anil Dhirubhai Ambani Chairman
Amit Bapna CFO & Investor Relations Contact
Mukesh Kumar Jain Chief Technology Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
RELIANCE CAPITAL LIMIT..-3.24%1 634
UBS GROUP AG0.00%66 387
BLACKROCK, INC.11.54%63 261
GOLDMAN SACHS BDC INC23.74%56 827
BANK OF NEW YORK MELLO..19.29%51 989
STATE STREET CORP22.72%31 414
More Results