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Apr. 6--MERGED BANKS WILL ADOPT TMB NAME: Both DBS Thai Danu and the Industrial Finance Corporation of Thailand are expected to adopt the Thai Military Bank name by August, according to TMB president Subhak Siwaraksa.
He said another name change for TMB could be considered later once the merger with the other two banks was completed.
TMB has retained The Boston Consulting Group to help review the bank's IT and compensation systems, and Hewitt Associates to advise on human resource policies. Mr Subhak said TMB was also in discussions with Singapore-based DBS, the parent of DBS Thai Danu, about assisting the bank with credit card and credit systems.
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