Mr. Tawit Thanachanun, First Senior Vice President, KASIKORNBANK, said in an interview that since the launch of our private banking service in July 2008 to offer advisory service and private wealth management for our high-net-worth clients, its performance has shown healthy growth amid the volatile economic and investment environment.
Its Investable Assets Under Management (AUM) have increased by more than 30 billion Baht, or 60 percent. Investment in mutual funds has grown more than 40 percent, while investment in debentures has more than doubled. Our high-net-worth customer base has also risen by 20 percent in the past year. This reflects our clients’ trust in the advisory service given by our relationship managers (RM), financial advisors (FA) and specialists. Private Banking by KGroup has thus gained in popularity with our clients thanks to a myriad of superior privileges and personalized services that perfectly meet their desire for a leisurely life with the highest satisfaction.
Ms. Patcharin Vongsiridej, First Senior Vice President, KASIKORNBANK, noted that KBank was recently named the “Best Private Wealth Management House in Thailand 2009” by Alpha Southeast Asia magazine. The accolade recognizes our quality management of high-net-worth portfolios, as evidenced from the steady increase in the number of clients during the past year. A wide variety of products is offered to cater specifically to the diverse needs of our customers, along with various privileges unrivalled by peers, i.e., World-class Concierge Services, airport lounge, global emergency medical service, real estate advisory service and other exclusive activities. These services provide an example of our private banking service excellence.