Anil opens shop in Britain looking for investors

Britain has approved the proposal of Indian tycoon Anil Ambani to open a London office of his fund managing company, Reliance Assets Management (RAM), to attract European investors for the first time. The company, said to be among India's largest fund managers, has won approval from the Financial Services Authority to open the London office with the objective of winning assets from wealthy and institutional investors in Britain and Switzerland. This was announced in today's Wealth-Bulletin, a Dow Jones company and online analysis service for the global wealth management industry.

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