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MFC says competition makes change critical for survival.
Byline: Nuntawun Polkuamdee
Mar. 1--PHETCHABURI -- MFC Asset Management, one of the country's largest k fund companies, aims to become a regional financial holding company.
President Pichit Akrathit said assets under management were expected to reach 200 billion baht by December and 400 billion within the next four years.
"Size will become increasingly important as we look to overseas markets, such as China, where funds typically have assets under management of more than $10 billion," he said.
Dr Pichit said large, regional investment companies such as Temasek Holdings, the investment arm of the Singaporean government, had an ...
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