Setting Up the First Independent Real Estate Appraiser in Thailand -Asian Appraisal Thailand -

In 1974-- Arthur Chanin Asian Appraisal Company Chairman came to see me at TISCO about his wanting to expand the appraisal business internationally.
Thailand lacked professional independent appraisers. Real estate appraisal was undertaken by the commercial banks themselves without proper checks and verifications. At times the security for a loan could be grossly undervalued, leading eventually to loan losses. The shareholders I got for the first professional appraisal company were
Crown Property, Siam Commercial Bank, Thai Farmers Bank at 10% shareholding each,  Tun Thamrong 21% and Asian Appraisal Company the remaining 49%. George Aquino was MD from 1974_75. Followed by Rodolfo Vergara who has worked with the company until today.