New Delhi: Reliance Capital Asset Management (RCAM) said it has appointed Amit Tripathi as the head of the Fixed Income group.

Amitabh Mohanty, presently head of Fixed Income, will be the head of Debt Strategies.

Part of Anil Ambani-led Reliance Capital, RCAM said both Tripathi and Mohanty would move into the new roles from November 1.

"We are pleased to announce the elevation of Amit Tripathi as the head of Fixed Income at RCAM. Over the last 9 years, Amit has played a crucial role in the growth of RCAM and successfully managed various fixed income funds, which have been recognised for superior performance both nationally and internationally," RCAM CEO Sundeep Sikka said.

Tripathi would be directly responsible for managing and expanding the debt portfolio under RCAM.

On Mohanty's appointment, Reliance Capital CEO Sam Ghosh said, "Amitabh has played a critical role in shaping the mutual fund business and building a strong debt portfolio over the last seven years. We now look forward to his contribution on a larger canvas across all RCL group companies."

Mohanty will play a leadership role in expanding these assets, mentoring debt fund managers and providing strategic inputs on debt investments across Reliance Capital group companies, within the scope of the existing regulatory framework.

Reliance Capital group companies manage substantial debt assets of over 1.23 lakh crore across various businesses including Mutual Funds, Life Insurance, General Insurance and EPFO.

RCAM alone manages over 50,000 crore in debt assets.