A “tale of two halves”: What’s behind Thai wealth manager’s record year?

Narit Kosalathip, Kiatnakin Phatra Securities

Thai wealth manager Kiatnakin Phatra Securities saw record-high revenue and AUM growth in 2024, despite a challenging domestic environment. While Thai equities struggled, the firm’s expertise in global investments allowed it to grow both its assets and client base. Head of the wealth management group, Narit Kosalathip, describes it as a “tale of two halves.” “Local investments performed poorly, but…

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