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Reliance Money Targets Malaysia NRIs
Wednesday, December 17, 2008

Reliance Money on Tuesday made its debut in Malaysia, by joining hands with Infinity Financial Solutions, one of Malaysia's financial products and services distribution company. The move is a part of plans to expand company's global footprint. This is the first initiative by an Indian broking and distribution company to offer a bouquet of financial products and services to NRIs in Malaysia. "This is our first move to reach out to the large base of NRIs and PIOs in Malaysia with our unique, cost-effective and efficient bouquet of products and services. Our presence in Malaysia will complement our efforts to have a larger role in this region," said Mr. Sudip Bandyopdhyay, Director & CEO, Reliance Money.

Through this alliance, Reliance Money would be launching its portfolio management services (PMS) apart from other investment services. PMS in Malaysia would be offered at a threshold level of as low as $50,000. The broking company provides customers with access to equities, equity and commodities futures, mutual funds, life and general insurance products and off-shore investment.

''We aim to generate 50 per cent of our revenues from overseas markets by 2012 and capture a bigger share of the record $195 billion invested in India last year by overseas funds,'' added Bandyopadhyay.

 

 

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