Awards for Distinction 2023 – Best Domestic Private Bank – Thailand

Best Domestic Private Bank Thailand



Best Domestic Private Bank – Thailand

Dr. Triphon Phumiwasana

Senior managing director – private banking business head, private banking group

It is our great honour to be recognised in Asian Private Banker’s awards this year. This distinction is not just a trophy; it is a reflection of our unwavering commitment to offer international comprehensive wealth management services in Thailand. This award is also a testament to our commitment to continuous service improvement.

More importantly, it is a recognition that KBank Private Banking understands and meets three specific needs – wealth protection, wealth creation and wealth transfer – with tailored solutions. With this understanding, we have developed our four signature services and products: risk-based asset allocation, alternative investments, sustainability investments and family wealth planning.

We are committed to providing our clients with the best wealth management services, focusing on their needs and delivering innovative solutions that create worry-free lives.

What was behind the judges’ decision?

  • KBank Private Banking’s assets steadily increased in 2023, and the bank also attracted new assets in a market where wealth management is seen as an emerging business growth area for both local and foreign private banks establishing a presence in the country
  • KBank Private Banking has integrated alternative investments, such as private assets and structured notes, into its investment recommendations. Additionally, it has implemented measures to ensure clients capitalise on longterm ESG trends. Responding to new tax regulations, the bank has developed a wealth planning tool for transferring money through generations. Furthermore, there has been an increase in the number of families seeking its real estate advisory services
  • With support from its strategic partner, Lombard Odier, the team designs exclusive courses to groom their local talent with the relevant private banking, advisory, and product knowledge needed to advance in their careers

What we said

“KBank Private Banking’s risk-based allocation technique is gaining popularity among its wealthy client segment, who are also becoming more digitally savvy and sophisticated with their investment and wealth planning choices,” said Audrey Raj, senior consultant and South Asia editor of Asian Private Banker.

“The private bank has included alternatives to its product mix and taken steps to enhance its sustainability efforts and ESG product shelf, keeping up with market trends. In addition, to complete its wealth management service, its Family Wealth Planning Service and Real-Estate Advisory continue to be of interest to clients seeking its services.

“These elements were pivotal in awarding KBank Private Banking with the Best Domestic Private Bank – Thailand award. The judging panel at APB extends congratulations to all for this welldeserved recognition.”

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