Bank of Asia Asset Management fights for recognition
The second-tiered manager aims to become Thailand''s leading player in three years'' time. Will political uncertainties and waning foreign investor interest in the Thai market thwart its plan?
Q: What happened to BOAAM (Bank of Asia Asset Management) last year?
A: BOAAM was formerly named Thai Asia Asset Management before it was taken over by the Bank of Asia (BoA) last year. And BoA is 75% owned by ABN Amro. We now have two asset management licences in Thailand. One is for mutual funds. The other is for private funds, including provident funds. The total asset under our management so far is Bt8 billion ($201 million). We now have about 50 staff and four portfolio managers …
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