Fri, June 26, 2009 : Last updated 18:50 hours
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INSURANCE ASSETS
TMB wins custodian deal from OIC
TMB Bank is named the Office of Insurance Commission's custodian for assets worth Bt159 billion.
Boontuck Wangcharoen, chief executive officer of TMB, said the assets cover insurance companies' reserves and guarantee documents.
He plans to grow the bank's custodian service as 25 life insurance companies and 70 insurance companies control combined assets worth over Bt1 trillion.
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