Fidelity mulls office openings in Malaysia, Thailand

Fidelity is considering opening its first offices in Thailand, Malaysia and Indonesia as it looks to expand its business in Asian markets. The asset manager said it was assessing the prospects of offices in the countries, and a favourable decision could see openings within two years. While Fidelity already has clients in the countries, its Southeast Asia head sees a potential need to have a physical presence, partly in order to grow the institutional side of the business. Mike…