BUSINESS – Thai banks targets wealthy Burmese

Thailand’s Kasikornbank aims to target affluent customers in neighbouring countries as part of its efforts to push towards 10 percent growth in assets under management (AUM) for its wealth management business this year, according to a report in the Bangkok Post. Executive vice-president Pakorn Partanapat said wealth among Laotian business owners is increasing, propelled by their dynamic economic growth. This group will be KBank’s main focus, he said, adding that wealthy Burmese are another target.