Friday, May 20, 2016

BLOM Bank creates asset management firm.

BLOM Bank, the country's second largest bank by assets, has established a fully-owned asset management firm to operate its portfolio of local and regional investment funds.

The new firm, named BLOM Asset Management Co., will perform the same activities that are being carried out by the existing asset management division. The move is part of the bank's expansion plan.

Existing employees in the asset management department will be transferred to the new company whose General Manager...

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