Corporate | Dubai unit for Reliance Asset Management

Corporate | Dubai unit for Reliance Asset Management

Dubai: Reliance Asset Management (UK) Plc, a unit of Reliance Capital Asset Management Ltd, has started operations in Dubai and will offer wealth management and investment advisory services to institutional clients.

The unit received permission to operate from the Dubai International Financial Center, a tax-free business park for financial services companies, it said in an emailed statement on Sunday.

—Bloomberg

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Emirates NBD’s CFO Sanjay Uppal resigns

Dubai: Emirates NBD PJSC’s chief financial officer (CFO) Sanjay Uppal resigned from his position at the Dubai government-owned bank, a person familiar with the matter said.

A spokesman for Emirates NBD, the UAE’s biggest bank by assets, could not immediately comment. Calls made to Uppal’s mobile phone were not answered.

—Bloomberg

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