Reliance Cap hires ex-Prudential exec for Singapore

MUMBAI, June 25 (Reuters) - India's Reliance Capital (RLCP.BO) named Shek Chee Seng, former chief executive of CITIC-Prudential Fund Management, China, as chief executive of its Singapore asset management unit on Thursday.

Seng will report to Vikrant Gugnani, who was appointed by the financial services firm as chief executive of its international business arm in December, Reliance said in a statement.

Reliance, which runs India's No. 1 mutual fund firm Reliance Capital Asset Management with average assets of more than a trillion rupees ($21.2 billion) in May, is looking to tap markets such as Malaysia and UK apart from Singapore. ($1=48.5 rupees) (Reporting by Nishant Kumar; Editing by Ranjit Gangadharan)