Bangkok Bank launches asset management firm

The bank holds 99.89 per cent in BCAP through Bualuang Securities, which runs both the private-fund and securities businesses.
Amid the fierce competition in the assets-management business and clients’ growing demands for investment products, BCAP says it will help ensure Bualuang Securities’ high performance.
Bualuang had transferred its private- and provident-fund businesses to BCAP with Bt18.2 billion in AUM.
Mayvadee Prasertsintanag, managing director of BCAP, said the company embraced two strategies.
First is adopting international standards to improve the investment and risk-management process to assure institutional and individual investors that they can rely on BCAP to handle their needs, she said.
Second is continuity investment, for which BCAP has executed best practices. Moreover, the company will focus on providing products that differ from those offered by other asset-management companies.
Under the theme “better investment approach: be informed, be innovative, be global”, it aims to invest revenue from its private- and provident-fund businesses to develop other products, she said.
The company plans to have new products covering private funds, provident funds and mutual funds within three years.
Mayvadee said the company planned to launch two or three funds this year. It will introduce its first mutual fund, BCAP MSCI Thailand ETF, for investors looking for long-term savings in local stocks. This fund is designed for investors who have little time or experience. Return on investment is set at 5-10 per cent.
Investments can be made at branches of Bangkok Bank and Bualuang Securities.
Thanavut Pornrojnangkool, BCAP’s chief investment officer,|said the current AUM of Bt18.2 billion consisted of Bt9 billion in|private funds and Bt9.2 billion in provident funds. Institutional |customers account for 85 per cent of the total.