,Thailand

Ex-fund head in Thailand faces criminal charges

A criminal complaint has been filed against Sopana Janeborvorn, a former mutual-fund manager.

She used to represent Kasikorn Asset Management Co (K-Asset) and SCB Asset Management Co (SCBAM), as well as the equity funds managed by both companies.

The Securities and Exchange Commission alleges that Sopana committed dishonest acts by using information about the funds' investment plans to trade securities for personal and other people's gains. Such trading activities were engaged in through two securities trading accounts with assistance from Phra Suthep Arpassaro and Vachala Phra Suthep Arpassaro, who were named abettors.

She was K-Asset vice president from November 2009 to November 2010 and SCBAM senior executive vice president from February to March 2011 with duties as head of fund managers responsible for supervising the equity funds managed by both companies respectively. 

As Sopana was also an approved fund manager, despite no longer working for any asset-management companies at present, the criminal complaint subsequently resulted in the SEC revoking that status.

For more

Get Investment Asia in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The Lion City also has the highest insurance penetration amongst the six markets at 5.9%.
On back of a modest increase in US interest rates.
As Asian hedge funds outperformed peers.
Lousy start for 2014, says analyst.
Santa is on his sleigh and the elves won't be back until Jan 6.