Amundi scales up its ambition in South Asia by launching a new wholly-owned subsidiary in Bangkok, Amundi Mutual Fund Brokerage Securities (Thailand) Company Limited. In doing so, Amundi is the first foreign asset manager in Thailand to receive a mutual fund brokerage license for distribution of funds under the ASEAN Collective Investment Scheme (CIS) which serves to promote market integration in the region.
The establishment of this new subsidiary in Thailand marks a new milestone in the Group’s development in South Asia, where Amundi aims to achieve its ambitions through a two-fold approach:
- a product offering adapted to the needs of local investors, distributed through bank-backed asset managers, insurance companies and global distributors.
- further enhancement of its existing institutional business by partnering with sovereign agencies, pension funds, government institutions and corporates through mandates managed by Amundi offices world.
Along with the office launch, Mr Prapatpong Weeramon has been appointed the Managing Director of Amundi Mutual Fund Brokerage Securities (Thailand).
“Amundi is internationally recognised for its expertise in providing customised and effective solutions. We are here to partner and grow with local asset managers and distributors, and contribute to this fast-growing financial centre. The Thai economy is dynamic and we aim to have a positive contribution in the development of this exciting market. We will work with local partners to broaden the variety of investment products to both retail and institutional investors in Thailand,” Mr Weeramon said.