Kasikorn Asset Management has announced its strategic partnership with J.P. Morgan Asset Management to boost investment in Multi Asset to achieve its ultimate goal of 100,000 million baht in asset value to help Thai investors build stronger and diversified portfolios.
KASIKORN ASSET MANAGEMENT CO., Ltd. (KAsset) on Wednesday 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.
