Best Domestic Private Bank Thailand
Kiatnakin Phatra Securities PCL
Best Domestic Private Bank – Thailand
Narit Kosalathip
head of wealth management group
“Being recognised as Thailand’s Best Domestic Private Bank is an incredible honour and a reflection of our unwavering commitment to our clients.
“In a market where we compete not only with local players but also with global giants, we are driven to offer our clients the best of both worlds – deep local expertise and access to world-class solutions. To stay competitive and relevant in our clients’ journeys, we must continuously innovate, adapt to their evolving needs and deliver solutions that address the complexities of today’s financial landscape.
“This award reinforces our belief that trust, client-centricity and a forward-thinking approach are the keys to building lasting relationships and creating meaningful impact. Thank you to our clients for allowing us to be part of your financial journey.”
What was behind the judges’ decision?
- Kiatnakin Phatra Securities performed strongly on most major metrics considered by Asian Private Banker for the Awards for Distinction, including record levels of AUM and revenue, along with strong flows of new client money.
- The private bank continues to make commendable progress with its mandates business, which was reflected during the period under consideration for our awards by significant growth in both its AUM and scope. One prominent example of this was the swelling of Kiatnakin Phatra Securities’ onshore mandate by more than ten times in terms of AUM.
- The firm’s strategic focus on talent is also paying off, our Judging Panel assessed. Through key hires, internal talent development, and upskilling, Kiatanikin Phatra Securities substantially elevated its relationship manager-to-investment counsellor ratio, helping the bank to deliver more personalised and attentive client services.
What we said…
“For Thai private bank Kiatnakin Phatra Securities, 2024 was a record in terms of revenue and assets under management, a feat that was all the more remarkable considering the ongoing weakness in the country’s domestic market. That was thanks to the Bangkok-based private bank’s sterling efforts in developing a first-class, globalised set of solutions designed to cater to Thai ultra/high net worth (U/HNW) individuals’ burgeoning desire for international investments,” said Stanley Yupi Li, reporter at Asian Private Banker.
“Among the aspects where Kiatnaikin Phatra Securities stood out from the crowd in 2024 were private markets, where the firm has diligently gone about building out a diversified and differentiated product set over the last few years. Last year alone, Kiatanikin Phatra Securities led several high-profile fundraises for blue chip GPs in Thailand, underscoring its resonance with the country’s burgeoning wealth market. Meanwhile, the bank’s discretionary portfolio management (DPM) offering has gone from strength to strength, which is reflected in the deepening penetration of this solution among its U/HNW clientele.
“Even more impressively, Kiatnakin Phatra Securities has made all of these achievements in a disciplined manner, as demonstrated by its success in lowering its cost-to-income ratio to an impressive 60%, highlighting its commitment to sustainable growth. For these reasons and more, Asian Private Banker is delighted to present Kiatnakin Phatra Securities with the accolade of Best Domestic Private Bank – Thailand at the Awards for Distinction 2024.”
Contact Us
All awards related enquiries to
[email protected]
+852 8191 7196
All images and content © Asian Private Banker
