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.