Swiss wealth manager Pictet Group will provide global wealth and investment management expertise and knowhow to help Bangkok Bank enhance its wealth management solutions in Thailand and offer its clients broader international investment capabilities across asset classes.
Bangkok Bank and Pictet have already collaborated on several key initiatives this year. In September, Bangkok Capital Asset Management (BCAP), a subsidiary of Bangkok Bank, launched two funds, which are exclusive for Bangkok Bank clients, the BCAP Global Multi Asset Fund and BCAP Global Multi Asset Plus Fund, with Pictet as the investment adviser.
BBL Asset Management (BBLAM), another bank subsidiary, earlier this year launched the Bualuang Sustainable Investing Portfolio (B-SIP) fund that invests in sustainability funds managed by Pictet Asset Management. BBLAM this week launched two new B-SIP funds, Bualuang Sustainable Investing Portfolio Super Savings Fund and Bualuang Sustainable Investing Portfolio RMF.
“The products and services Bangkok Bank will develop with Pictet Group through this alliance will help us create more value for our wealth clients, complement their existing portfolio management and investment strategies with more sophisticated solutions,” says Chartsiri Sophonpanich, Bangkok Bank’s president. “Our clients will benefit from Pictet’s 200 years of deep experience in wealth and asset management, its tradition of long-term investment and superior returns, global macroeconomic insights, sophisticated technology platforms and strong values around family wealth planning.”
Claude Haberer, an equity partner of Pictet and chairman of Pictet Wealth Management Asia, will join Bangkok Bank, after his retirement from Pictet, as an adviser to the president of the Bangkok Bank from January 2022.