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Thai Brokerage Adkinson Securities Faces Challenges Ahead.

Bangkok Post (Bangkok, Thailand)

| March 01, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Nuntawun Polkuamdee

Mar. 1--Adkinson Securities has hit a speed bump in its operations after the recent resignation of Chanchai Kultavarakorn, president of subsidiary IB Securities.

Sources estimated that the resignation could lead to as much as 100 million baht in lost revenues, given that more than 10 mandates for advisory work to list on the stock exchange are expected to be lost over the resignation, which took effect yesterday.

Mr Chanchai, a 30-year veteran of the securities industry, had long worked at Adkinson together with Kreetha Teacharattanachai, a major shareholder of the company.

Mr Kreetha died last year, with ...

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