ABN Amro Asset Management (India) has named KC Reddy as its chief investment officer, in a newly created role where he will lead a team of 11 investment professionals across equities and fixed-income asset classes.

The appointment of a CIO is in line with the fund houseÆs efforts to strengthen its investment team, improve the performance of its portfolios, and prepare for the launch of more funds.

At present, the fund house manages around $1.5 billion in assets and has fund offerings across all asset classes including equities, fixed-income, multi-manager schemes, structured products and also offers discretionary portfolio management services to its clients.

Reddy brings with him more than 14 years of experience in equity markets, out of which more than 10 have been in managing investment funds. He previously worked in various fund houses such as Credit Agricole Asset Management (Hong Kong) and Thames River Capital (London) and most recently in Charlemagne Capital (London), where he managed a range of equity funds including those that invest in Asia, Greater China and India.

At ABN Amro Asset Management in India, Reddy will manage the ABN Amro Opportunities Fund and the ABN Amro Future Leaders Fund.

Launched in March 1995, the ABN Amro Opportunities Fund is an actively managed portfolio of equity and equity-related securities in India. It invests in companies across all ranges of market capitalisation and across all sizes in terms or turnover and balance sheet size.

The ABN Amro Future Leaders Fund invests primarily in companies with high growth opportunities in the mid- and small-cap segment that it considers as ôfuture leadersö or those that appear to offer opportunities for long-term growth and are driven by dynamic style of management and entrepreneurial flair.