Eastspring bolsters Asian footprint with Thailand acquisition

Pedro Gonçalves
clock • 1 min read

The Asian asset management business of Prudential, which runs Eastspring Investments, will acquire a controlling stake in Bangkok-based Thanachart Fund Management. Prudential said it expects Eastspring to enter into a definitive agreement by the end of the year and, subject to regulatory approval in Thailand, it will acquire a controlling stake in the company. TFund is a joint venture between Thanachart Bank Public Company Lim and Thailand-based Government Savings Bank, which hold 75% and 25% of the shares, respectively. As the ninth largest asset manager in Thailand, Thanachart Fu...

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