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Thai fund managers fear increased competition from U.S. trade pact.
Byline: Nuntawun Chantanusornsiri
Oct. 4--Prospects that a US-Thailand free trade agreement could result in further liberalisation of the financial sector have raised concerns among local businesses about their ability to compete in the future.
Alan Kam, president of Aberdeen Asset Management, said the prospects of liberalising the financial services sector for US companies was a "considerable concern".
While the Thai asset management industry continues to enjoy strong growth prospects, most fund management companies were still relatively young and need time to adjust to the growing market.
The United States, on the other hand, boasts ...
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Source: HighBeam Research, Thai fund managers fear increased competition from U.S. trade pact.