The deal gives the bank access to around 2.4 million customers.
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The deal gives the bank access to around 2.4 million customers.
The two firms aim to offer better wealth management services to rich clients in Thailand.
The total inflow for the third quarter in 2021 was THB36.8bn ($1.1bn), Morningstar data shows.
Mutual funds are increasingly popular in the South-east Asian country in line with the evolution of its financial markets, says Eastspring Investments.
People in the country increasingly want to invest overseas to diversify their portfolios more effectively, according to FSA’s sister title, International Adviser.
The two firms are collaborating to offer digital wealth services in Thailand.
The Securities and Exchange Commission (SEC) has announced the requirements for Southeast Asian funds to be offered in the country and vice versa.
Following recent underperformance in the region as a result of the impact of the pandemic, the longer-term outlook is now looking brighter, according to Eastspring Investments.
The German firm expects to complete its purchase of an Indonesian asset manager by the end of this year.
China equity funds were the star attraction in the first half of the year, according to Morningstar.
Part of the Mark Allen Group.