Mitihoon – Bangkok and Hong Kong, 10 January 2024: KASIKORN ASSET MANAGEMENT CO., Ltd. (KAsset) has teamed with J.P. Morgan Asset Management (JPMAM) under a strategic partnership in order to develop products and services, including investment innovations that focus on enhancing its global asset selection and allocation capabilities. This collaborative effort aims to present Thai investors with global leading investment solutions and insights while managing portfolio volatility.
Ms. Kattiya Indaravijaya, Chief Executive Officer of KASIKORNBANK (KBank), said, “KBank attaches great importance to the fund management business. The Bank is directly involved in building a strong financial foundation for its clients, of which nearly 1 million already invest in mutual funds (as of 25 December 2023). This signifies a tremendous untapped potential and a lot of room for growth. Therefore, this strategic partnership between KAsset and JPMAM, from fund management to quality product offerings tailored for KBank’s customers, will significantly enhance customers’ investment experience. This collaborative effort is in line with the Bank’s goal of delivering sustainable returns to Thai investors, and marks a pivotal moment that will drive KAsset towards its full potential”.
Mr. Adisorn Sermchaiwong, KAsset Executive Chairman, said, “Currently, around 60 percent of Thai investors are experiencing volatility in their investment portfolio (Source: KAsset, as of 25 Dec 2023) . Over the past 3-4 years, the market has been beset by COVID-19 and a global economic crisis. These factors have led to persistent market volatility, making it increasingly difficult to assess situations and make smart investment decisions. To address this issue, KAsset is committed to developing its strategic plan with JPMAM of enhancing its global asset selection and allocation capabilities, with readiness in reshaping investments to align with and keep abreast of ever-changing circumstances. All of this reflects KAsset’s determination to ensure that investors investment portfolios remain solid and can grow sustainably in the future.”
“We are thrilled to be forming a strategic partnership with KAsset to deliver world-class solutions to investors in Thailand,” said Dan Watkins, Asia Pacific Chief Executive Officer, J.P. Morgan Asset Management. “KAsset has been our long-standing partner in Thailand, a vibrant market and one of the fastest growing economies in the region. Building on the strong relationship, we are excited to enter the exclusive partnership and to capture opportunities in multi-asset and across the spectrum of other asset classes. The partnership reflects our commitment to becoming the global manager of choice for Thai investors and to growing and diversifying our business across the APAC region.”
The partnership combines JPMAM’s global investment management expertise with assets under management of USD 2.9 trillion and insights with KAsset’s local capabilities, brand recognition and distribution network with assets under management of THB 1.49 trillion. JPMAM will leverage KAsset’s well-established local presence and knowledge to offer its global leading investment solutions to Thai investors. KAsset will have access to JPMAM’s industry-leading market insights, intellectual capital and thought leadership, as well as sales training to further uplift client engagement and product solution distribution. The two firms will collaborate hand in hand to help Thai investors build stronger, resilient and diversified investment portfolios to achieve their long-term financial goals.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of USD 2.9 trillion (as of September 30, 2023), is a global leader in investment management. The company’s clients include institutions, retail investors, and high net worth individuals across all major markets worldwide. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, and private equity. More information is available at www.jpmorganassetmanagement.com.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of USD 3.9 trillion (as of 30 September 2023) and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
About Kasikorn Asset Management
Kasikorn Asset Management (KAsset), the leader of Thailand’s asset management business with total assets under management (AUM) of more than Baht 1.49 trillion, and a customer base in mutual fund, private fund and provident fund business of more than 1.46 million people (as of November 30, 2023). KAsset owns vast skills and an in-depth understanding of the assets and capital market of Thailand.
About KASIKORNBANK Public Company Limited
KASIKORNBANK Public Company Limited (KBank) was established on June 8, 1945. Over the past 70 years, the Bank has always strived to develop our organization and offer financial product initiatives. KBank operates business in line with the principles of a Bank of Sustainability under good corporate governance and appropriate risk management for the balance of three dimensions – economy, society and environment. Guided by the “Customer Centricity” strategy under our resolution to offer excellence in service, we intend to empower every customer’s life and business. Our endeavors are achieved through collaboration and synergy with other companies within KASIKORNBANK FINANCIAL CONGLOMERATE, startup firms and our business partners, under the single brand of KASIKORNBANK.
KASIKORNBANK aims to be the most innovative, proactive, and customer centric financial institution, delivering world class financial services and sustainable value for all stakeholders by harmoniously combining technology and talent.
Web : https://www.mitihoon.com/
Facebook : https://www.facebook.com/mitihoon
Youtube : https://www.youtube.com/@mitihoonofficial7770
Tiktok : www.tiktok.com/@mitihoon
