Thai distributor trio seek more fund houses

Three wealth management businesses in Thailand are working on opening their fund platforms to more external managers this year in an effort to compete with foreign private banks. Kasikornbank, Krungsri Bank and Phatra Securities are working on providing more investment choices to high-net-worth individuals (HNWIs) using product providers not affiliated to their parent firms. There is a growing list making similar moves; it also includes Siam Commercial Bank, as reported. Wealthy…