reliance wealth management ltd a subsidiary of reliance capital ltd announced the appointment of nitin rao as its new chief executive officer in this newly created role mr rao will report to anmol ambani executive director at reliance capital and will be responsible for driving a more broadbased strategy for growing the wealth management offering to high net worth individualsmr rao joins reliance wealth management after 19 years at hdfc bank where he was executive vice president private banking group third party products and had built its wealth business ground up into a significantly dominant leadership positionmr rao has had a multidisciplinary career of 28 years across equity research product management distribution of investment products and managing high net worth banking programmes he is an engineer from the college of engineering pune and holds a post graduate degree in management from symbiosis institute of business management