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MFC preparing for market liberalisation.
Byline: Nuntawun Polkuamdee
Feb. 1--MFC Asset Management plans to restructure to become a financial holding firm and will draw in new foreign partners to help strengthen its asset-management and advisory businesses.
Sources said the restructuring of one of the largest fund managers in the country was aimed at building up the firm's competitiveness in preparation for future market liberalisation and deregulation.
Major shareholders in MFC include the Finance Ministry, the Social Security Fund and the Government Savings Bank. It plans to set up three separate subsidiaries under the new holding structure.
The three firms would include MFC ...
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Source: HighBeam Research, MFC preparing for market liberalisation.