The launch of Fund Navigator, a tool for fund selection, will be a first among fund houses in Thailand, according to Kasikorn Asset Management’s (KAsset’s) Vasin Vanichvoranun.
Amid the broader push to bring product and service offerings in the country closer to global standards, Phatra Securities is enhancing what it brings onshore clients. This includes a pioneering deal to access the reach and diversity of Credit Suisse’s platform.
Education of clients and advisers remains at the heart of realising the promise of wealth management in the country. There is good reason for optimism, although there is a long way to go compared with markets such as Singapore and Hong Kong.
Market practitioners at leading banks and asset managers in the country highlight some of the ways to encourage greater take-up of mutual funds views.
Thailand’s commitment to international rules on tax transparency and compliance, coupled with a gradual flow of funds back into the country, highlights the urgency for wealth managers to refine their offerings to meet the changing needs of HNW Thais.
Regulatory reforms have paved the way in Thailand for growing interest in offshore investing. Attention now needs to focus on the infrastructure to facilitate this.
The securities regulator has been progressive in facilitating a more open and international investment landscape. Key components of success in the wealth business today are quality of advice and breadth of solutions to match clients’ needs, says Sornchai Suneta of Siam Commercial Bank.