Thailand

Kiatnakin Bank will focus on wealth management services and target fund mobilisation to generate healthy margins.

Tisco Bank plans to issue a foreign-currency unsubordinated debenture with two to three years' maturity.

Aberdeen Asset Management is targeting SMEs in the hope of bringing total assets of provident funds to Bt4 billion by year end.

A new entity, named Kiatnakin-Phatra Financial Group, aims will offer both commercial banking and capital-market products and services, with strong aspiration to excel in all core areas.

Siam Commercial Bank is targeting Bt20 billion worth of a new batch of subordinated debentures.

Nomura has included Thailand in its equity research, after Malaysia and Indonesia.

Four asset management companies have been tapped to manage Government Pension Fund's domestic bond and equity investment portfolio worth over Bt33.5 billion.

A new investment banking division will help Kasikornbank access the equity-capital and debt-capital markets.

Bank of Ayudhya has rebranded its private-banking business as Krungsri Exclusive in responding to the trends of younger high-net-worth individuals.

Asset Plus Fund Management will launch a mutual fund who want to protect their principal while getting higher returns than on bank deposits or government bonds.

One Asset Management launched a fund with a flexible policy that will mainly invest in bonds and some select stocks when the market has corrected sharply.

The euro-zone crisis may create volatility in the Thai stock market in the third quarter, predicts One Asset Management.

Sukhumvit Asset Management is earmarking 3 billion baht or US$96.9 million this year to bid for non-performing loans worth 120 billion baht.

Private equity funds' search for SMEs and latter's financing needs prompts SCB to act as middleman.

100% stake in Sathorn Asset Management with $90.38mln NPL planned to be sold to CIMB Group.

Bangkok Bank recorded a net profit for the three months to 30 September 30 of US$149.4 million, with fees and service income up by 15.8 percent due largely to higher income from investment banking operations.