Bank of China introduced “Prestigious Wealth Management” for high net worth investors with the collaboration of nine leading asset management companies in an attempt to pursue more businesses in Thailand.
Bank of China, Bangkok Branch has launched Prestigious Wealth Management services to attract more clients in Thailand. This novelty is designed as a comprehensive vehicle of financial and investment services for high net-worth customers. So far, nine leading asset management companies have agreed to act as its dealers. For the first-year its operation, bank expects to acquire 1,500 million baht.
Mr. Che Jun, General Manager, Bank of China (Bangkok Branch), shares, “We have now officially launched our Prestigious Wealth Management service to improve our range of services for investors and institutions in Thailand. We have designed packages and services that are tailor-made to the needs of variety of investors. We have also appointed experienced investment consultants to assist our clients with their investment decisions. Most recently, we have signed up with nine of the top asset management companies to provide subscription and redemption services for their mutual funds. We have set the target of transaction value at approximately 1,500 Million Baht for this year.”
Bank of China, Bangkok Branch has previously launched a plan to attract retail customers now. This new Prestigious Wealth Management unit will work towards securing high net-worth clients and investors by assisting with their financial transactions and providing them advices on for their investment initiatives. Bank of China utilized a world class IT system that allows transaction to be easily executed, returns optimized for long run, and, clients provided with comprehensive, up-to-dated information and ideas. Prestigious Wealth Management will offer deposit services in Baht and foreign currencies, with the highest returns, interests and benefits for the clients.
“Meanwhile, our mutual fund service will help make it easier for investors with different investment objectives to generate returns from their investment. We can help allocate investment using a process that is tailor-made to the requirements of each individual client who intrinsically possess different expected returns and risk.”
“The nine asset management companies; we have signed up with as mutual fund subscription and redemption facilitator are, SCB, MFC, Krungsri, Aberdeen, Asset Plus, Manulife, Finansa, Tisco and Land and House,” adds Mr. Pan Xinyuan, Assistant General Manager. “The introduction of the Prestigious Wealth Management is aimed at serving the financial service needs of high net-worth clients. Prestigious Wealth Management will provide diverse (or) a variety of money management options, including investment products from China to be offered in the future. And as a good number of our existing customers base are Thais of Chinese descent and Chinese entrepreneurs, we are having a marketing campaign to create interest and to fulfill preliminary business needs of our customers. This will include Chinese visa fees, health check-up and consultation with our investment specialists. If you are interested in our investment products, please contact us at 02-286-1010 Ext. 2703, 2704, 2706 or 2707 or visit us at any of our branches in Thailand.”