Krungsri targets 4-5% growth in its wealth management business in 69, partnering with Invesco to strengthen its position.
Krungsri Bank partners with Invesco to strengthen Wealth Management, supporting its AUM growth target of 4-5% in 2026, highlighting three key strengths: accessibility, flexibility, and diversity.
17 March 2569 – Krungsri (Bank of Ayutthaya Public Company Limited and its subsidiaries) announced a partnership with Invesco, a leading global asset management company, to enhance investment advisory and wealth management services to keep pace with the rapidly changing financial world. By combining Krungsri's in-depth domestic expertise with Invesco's international investment perspective and knowledge, and leveraging cutting-edge investment innovations, this reinforces our commitment to becoming the leading investment and wealth advisory bank.
Krungsri and Invesco have forged a significant strategic partnership through this collaboration, working closely together to enhance the bank's investment advisory and wealth management services.
They will also jointly define asset allocation strategies to support the development and launch of products in the Thai market. In addition, Krungsri plans to leverage Invesco's expertise to develop a multi-asset investment platform that manages portfolios within a defined investment framework for clients.
Mr. Kenichi Yamato, President and Chief Executive Officer Bank of Ayudhya Public Company Limited "Krungsri believes that this collaboration with Invesco will be a significant force in driving the future of investment advisory and wealth management business, which is one of Krungsri's core strategies, while creating stable and sustainable financial opportunities for Krungsri Wealth clients."
Krungsri will continue to uphold its role as a trusted financial partner, striving to enhance comprehensive and innovative investment solutions to support both current financial opportunities and the secure and sustainable long-term transfer of wealth.”
Mr. Andrew Lo, Chief Executive Officer, Asia Pacific Region, Invesco. “Invesco is delighted to celebrate another significant milestone with Krungsri. This strategic partnership reflects the shared commitment of both organizations to providing world-class investment solutions and investment advisory services to Thai investors. Combining Invesco's global investment expertise with Krungsri's strong network in Thailand will lay a solid foundation for long-term success and elevate the standard of investment excellence to a new level.”
"We are confident that this collaboration will play a crucial role in driving and shaping the future of the investment landscape in Thailand."
Ms. Passanee Udompanich, Wealth Management Executive, Krungsri Bank Public Company Limited. Krungsri states that in the increasingly complex and rapidly changing investment world, the bank's role is not just to offer products, but to be a partner who helps clients identify opportunities, strategize, and make confident long-term decisions.
This collaboration with Invesco will strengthen our investment advisory services by providing access to global economic data, market perspectives, and asset insights. This will enhance the accuracy and quality of investment analysis and recommendations, while continuously developing investment knowledge for both clients and bank personnel. The transfer of global investment perspectives and expertise from Invesco's specialists will elevate the quality of investment advisory services to international standards.
With Invesco's expertise in asset allocation and diversification, we can expand our ability to offer a comprehensive range of investment products across various asset classes. This includes products investing in future-oriented themes such as AI and Energy Transition, as well as alternative assets like Private Equity and Private Credit, to provide stability in volatile market conditions.
In addition, we offer a Discretionary Portfolio Management (DPM) plan tailored to individual goals, creating an investment portfolio that truly suits and meets the needs of each client.
“Currently, Krungsri serves three Krungsri Wealth client groups: Krungsri Private Banking, Krungsri Exclusive, and Krungsri Prime, or the AUM (Assets Under Management) group of 2-50 million baht. There are approximately 180,000 clients with over 1 trillion baht in assets under management (AUM). We expect growth of around 4-5% in both the number of clients and total AUM by 2026.”
Through this collaboration with Invesco and a customer-centric approach, Krungsri will be able to deliver truly personalized investment and wealth management experiences to Krungsri Wealth clients via three core values:
- Easy access to investment opportunities, confidence in every decision. Clients can easily and quickly access investment information, expert advice, and new opportunities through investment advisors, personal financial managers, and digital tools that help them make more confident decisions.
- Flexible investment solutions to meet your life goals. Investment portfolios can be customized to suit individual goals, life stages, and market conditions, ranging from basic investment options to complex investment strategies, to meet the diverse needs of each client.
- Diverse investment opportunities for long-term wealth. Clients will receive investment advice and options diversified across global assets and markets, helping them manage risk comprehensively and build sustainable long-term wealth.
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