Eastspring Investments has acquired a 50.1% stake in Thanachart Fund Management Co., Ltd. to strengthen its asset management presence in Thailand.

Target Information

Eastspring Investments, an Asian asset management firm and a subsidiary of Prudential plc, has successfully acquired a majority stake in Thanachart Fund Management Co., Ltd. (TFUND) from Thanachart Bank Public Company Limited and the Government Savings Bank. With this acquisition, Eastspring now holds 50.1% of TFUND, which is the 8th largest mutual fund manager in Thailand, boasting approximately THB 206 billion (USD 6.8 billion) in assets under management.

This strategic purchase allows Eastspring to enhance its presence and capabilities in Thailand's asset management industry, further solidifying its position as a leading player in the region.

Industry Overview in Thailand

The asset management industry in Thailand has been growing steadily, driven by increasing investor interest and a rising demand for diverse financial products.