KBank joins hand with Lombard Odier

With this partnership, excellent service towards individual and family wealth management is being offered to enlarge their High Net Worth Individual (HNWI) customer base to 10,300 clients, equal to a 34-percent market share in Thailand, with assets under management (AUM) around Bt770 billion.
KBank’s Private Banking Business Division Head, Jirawat Supornpaibul, points out that the global HNWI customer market is in continued expansion. As reported by Capgemini’s World Wealth Report 2016, In Thailand and Asia, HNWIs have increased 10-11 percent per year over the past 5-6 years, beating the world average of 9 percent a year. This trend is expected to continue in Thailand, though perhaps slower than in some other Asia-Pacific nations.
As for those with assets of Bt50 million and more in Thailand, the total could be around 30,400 persons in 2017. This segment tends to place more trust in private banking services for the management of their savings and investments – in Thailand and offshore – for both personal and family assets. The reason for this is that they can view and manage all their assets using a single platform, versus their use of many access channels before.