Prudential forays into Thai mutual fund market with asset manager acquisition

Prudential forays into Thai mutual fund market with asset manager acquisition

Thailand's capital city Bangkok at dusk. Photo: Marla/Pixabay

Prudential Plc said its Asian asset management unit Eastspring had agreed to buy 65 per cent of TMB Asset Management (TMBAM) from Thai bank TMB PCL, marking the British insurer’s entry into the country’s mutual fund market.

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