Reliance Capital has named Madhusudhan Kela as chief investment strategist.

Kela was previously the head of equities at Reliance Mutual Fund. His old position will be occupied by Sunil Singhania, currently the deputy head of equities at the company.

In his new role, Kela will be responsible for expanding Reliance Capital's business across various markets. He will officially assume his post on 21 September.

RCL manages equity assets totalling over Rs50,000 crore in the areas of life insurance, mutual fund, private equity, venture capital, offshore funds, portfolio management, and wealth management.