Amundi has launched a new wholly-owned subsidiary in Bangkok, Amundi Mutual Fund Brokerage Securities (Thailand) Company. This makes Amundi Group the first foreign asset manager in Thailand to receive a mutual fund brokerage license for distribution of funds under the Asean Collective Investment Scheme (CIS) which serves to promote market integration in the region.

 

Established in Asia since the early 1980s with offices in Hong Kong, Japan and Singapore, Amundi has developed a deep understanding of investors’ needs and built strong partnerships in the region with institutional clients, founded on trust and efficiency.

 

Pascal Blanqué, head of institutional clients and third-party distributors and chief investment officer, Amundi said, “Our approach is to leverage on our local presence by working in close partnership with our clients, providing a dedicated local sales and service infrastructure. The launch of the Bangkok office marks a turning point in our expansion strategy in South Asia and will help us strengthen our understanding of the Thai market. We are confident in achieving sustainable business through our long term commitment to Thailand.”

 

The establishment of this new subsidiary in Thailand marks a new milestone in the group’s development in South Asia, where Amundi aims to achieve its ambitions through a two-fold approach:

·         A product offering adapted to the needs of local investors, distributed through securities companies, bank-backed asset managers, insurance companies and global distributors.

·         Further enhancement of its existing institutional business by partnering with sovereign agencies, pension funds, government institutions and corporates through mandates managed by Amundi offices worldwide.

 

Along with the office launch, Prapatpong Weeramon has been appointed managing director of Amundi Mutual Fund Brokerage Securities (Thailand).