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Thailand |
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ING Life Limited is a prominent player in the life insurance industry in Thailand, and among the fastest growing. With products including personal-, group- and health insurance, ING Life Limited in Thailand recently started bancassurance distribution through TMB, complementing the existing sales channels of tied agency and telemarketing.
Established in 1996, the fund house manages over 90 funds and a number of institutional mandates on behalf of corporate and government clients. The business is currently the fourth largest player in the local asset management industry in terms of assets under management, with USD 3.2 billion.
The bank operates through a representative office in Thailand, which allows ING to undertake economic and market research, collection of data in support of cross-border financial advisory, and activities in Thailand to support clients’ financing. Deals in support of client financing are undertaken offshore out of the Singapore regional headquarters.
ING owns a 30% stake in TMB, as part of the expansion of its retail banking operations in the region. Established in 1957, TMB is one of the leading banks in Thailand with approximately EUR 14 billion in total assets, over 5 million customers and 472 branches with a broad representation throughout Thailand. TMB offers a wide range of products and services with a large retail deposit base and lending focus on the small-to-medium enterprise and corporate sectors.
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 - Last updated
11/30/2009
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