Thai life insurance public company limited

Eastspring has an option to increase its ownership to 100 per cent in the future. As part of this acquisition, Eastspring has also entered into a distribution agreement with TMB to provide best-in-class investment solutions to their customers, according to Nic Nicandrou, chief executive of Prudential Corporation Asia.  He added that the acquisition of TMBAM, the fifth-largest asset manager in Thailand, with 10 billion ponds of assets under management which has grown by a market leading 26 per cent compound annual growth rate over the last three years, reinforces Prudential’s commitment to the Thai market. It also complements Prudential’s fast growing life insurance business and provides Eastspring with a unique opportunity to establish a significant third party presence in the largest and fastest growing mutual fund market in the ASEAN region. The completion of the transaction is subject to local regulatory approval.  By partnering with TMB, Thailand’s … [Read more...] about Prudential’s Asian unit acquires 65% of TMB’s asset