RETAIL INVESTMENT | Cesar Tordesillas, Thailand

Thailand's KBank sets up investment banking arm

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

The bank hopes to cash in on the expected Bt800 billion in project investment in the next 18 months.

According to Krisada Lamsam, a senior executive vice president at KBank, 40 per cent of that total would be multifaceted investments through mergers and acquisitions in the European, US and Asean markets, and 40 per cent investment in local infrastructure such as roads, mass transit and power. The remaining 20 per cent will be business expansion in main provinces.

He said investment by medium-sized businesses with annual sales of Bt400 million to Bt5 billion was more active because they have to increase production capacity to do business overseas. These are largely supply-chain businesses.

The division will offer expertise in equity and debt capital markets to offer all financial instruments to businesses and investors. It will work with the bank's strategic partner Macquarie Group to help foreign stock exchanges raise capital in the Thai bourse or acquire funds for cross-border investment activities.

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