LGT inaugurates Bangkok office
LGT, a leading international private banking and asset management group, officially opened its Bangkok office, LGT Securities (Thailand) Limited, yesterday.
Located in the Pathum Wan District, the office will provide investment and wealth management services to the bank's clients across Thailand, complementing LGT's existing private banking operations in Hong Kong and Singapore.
From left: Ekkapob Makeguljai, CEO of LGT Securities (Thailand) Limited, Karn Karuhadej, Managing Director and Member of the Executive Board Asia LGT Bank, H.S.H. Prince Philipp von und zu Liechtenstein, LGT's Chairman, H.S.H. Prince Hubertus Alois von und zu Liechtenstein, Board Member as well as Dr. Henri Leimer, LGT Private Banking Asia's CEO, attended the opening ceremony.
LGT has been fully controlled by the Liechtenstein Princely Family for over 80 years. As of June 30, 2018, LGT managed assets of US$207.5 billion for wealthy private individuals and institutional clients. LGT employs over 3000 people. Working out of more than 20 locations in Europe, Asia, the Americas and the Middle East.
EXIM THAILAND
Collateral-free loan for export startups
Export-Import Bank of Thailand (EXIM Thailand) has launched a new credit facility "EXIM Happier Credit", a pre- and post-shipment revolving credit for export start-ups who are new to the bank's services. The new facility offers a credit line of up to Bt700,000 each and a first-year interest rate/discount rate of 5.50 per cent per annum in conjunction with a forward contract worth up to the approved credit amount.
No asset-based collateral is required with the only rquirementbeing a personal guarantee. As an additional benefit, participants of EXAC programmes or other EXIM Thailand's promotional activities will be eligible for further discount of 0.50 per cent on the first-year interest rate.
The new credit facility is expected to assist small enterprises in starting or growing their exports without worrying about liquidity or foreign exchange |risks.
POST ACQUISITION
DKSH takes top spot in scientific instrumentation
DKSH has signed an agreement to acquire technology distributor SPC. With this move, DKSH's Business Unit Technology becomes the largest player for scientific instrumentation in Thailand.
SPC was established in 1976 in Thailand and focuses on sales, marketing, application engineering and after-sales services for scientific instrumentation.
Aran, CEO of SPC, commented: “For more than 40 years, SPC has been distributing products of many international clients in Thailand. Especially due to DKSH’s excellent reputation, we are very pleased to become part of DKSH and jointly offer an even broader range of services that drive our clients’ growth.”
Closing of the transaction is expected in the next months and is subject to certain conditions.
