Post Event Report

KASIKORNBANK - The Best Private Bank in Thailand at the Global Wealth and Society Awards 2019

By Chris Georgiou

Bangkok, Thailand, 21 October 2019 - KASIKORNBANK named the Best Private Bank in Thailand at The Global Wealth and Society Awards 2019.

 

  • Champion of sustainability and pioneer in Thailand banking industry for Impact and ESG investing
  • “Perfect Wealth, “Non-capital Market Advisory” and Green Head Office make KASIKORNBANK a leader in non-financials
  • Five innovative mutual funds for HNWIs reached $1 billion in size in 2018

Bangkok, Thailand, 21 October 2019 - KASIKORNBANK named the Best Private Bank in Thailand at The Global Wealth and Society Awards 2019. 

The Global Wealth and Society programme was launched in London in 2018 out of the belief that wealth can be a force for good. As such we look for instances everywhere in the world where wealthy individuals, institutions and funds are targeted towards making an impact in their local communities or the world at large. 

The programme is predicated on the belief that the best institutions are able to understand and look after their client's family and business interests through exceptional service, and timely product innovation, which is aligned to clients’ personal investment philosophy and objectives, and enables them to achieve their financial and lifestyle needs as well as leaving a positive impact on this world.

Impact-minded innovative institutions that are well run should be recognised for their contribution to society through their innovative channels of wealth distribution and sustainable ecosystems. Recipients of these awards underwent a stringent and comprehensive evaluation process. 

Managing Editor of The Asian Banker Mr. Foo Boon Ping presents Head of Private Banking at Kasikornbank, Khun Dr. Tritporn Phumiwasana, with the Best Private Bank in Thailand Award.

 

Champion of sustainability and pioneer in Thailand banking industry for Impact and ESG investing

In 2019, co-developed with KASIKORN Asset, KASIKORNBANK Private Banking launched the “K Positive Change Equity Fund,” the first positive investment fund in Thailand. With the investment objectives aligned to the UN Sustainable Development Goals, it achieved $40 Million of investment within the first month.  Also launched in 2019 was the Mutual Fund “K Global High Impact Thematic Equity Fund” which partially invests in sustainability through its investment focus on industries serving global pressure points.  

This has further added to KASIKORNBANK’s achievements as a champion of sustainability, including becoming the first Thai and ASEAN bank to issue sustainability bonds totaling $100 million, the first bank in Thailand and ASEAN to be granted membership of the Dow Jones Sustainability Indices (DJSI) in both their DJSI World Index and DJSI Emerging Markets 2018 for the third consecutive year, as well continued selection in the FTSE4Good Emerging Index for three consecutive years.

“Perfect Wealth, “Non-capital Market Advisory” and Green Head Office make KASIKORNBANK a leader in non-financials

With “Perfect Wealth,” the common theme encompassing advice, products and services and the social responsibility of KASIKORNBANK, the bank has focused on individual achievements through it’s “Perfect Wealth e-Publication” and the “Chee-Va-Mit Project”. The Head Office also serves as a role model for a functional green office including life-cycle planning, design, construction, operation, and maintenance which incorporates environmental and resource concerns, imparting a positive impression on HNWI clients.

KASIKORNBANK’s “Non-capital Market Advisory” is the latest addition aiming to provide a holistic investment advisory experience whereby a dedicated team of experts provide advice on development feasibility, business matching, asset management as well as property and land credit for investment services on illiquid assets such as properties and real estate.

Five innovative mutual funds reached $1 billion in size in 2018 

Managing the assets of approximately one-third of Thailand’s HNWIs, KASIKORNBANK Private Banking has continued financial product innovation for HNW clients in cooperation with Lombard Odier through five strategic mutual funds that reached $1 billion in fund size in 2018. Building on this success, another strategic mutual fund will be launched in 2019. 

For specific details relating to description of the awards, evaluation criteria and process, kindly visit http://www.wealthandsociety.com/theglobalwealthandsocietyawards/criteria.

For all Wealth and Society Awards 2019 photos, please visit https://www.facebook.com/wealthandsociety/photos/a.338420816902174/570162070394713/?type=3&theater

For media enquiries, please contact:

Alfred Labiccasi

Marketing Manager

Wealth and Society 

Tel: +44 1823 711134

alabiccasi@wealthandsociety.com 

 

 



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