The world’s premier name in finance is tapping into the Thai market. Goldman Sachs has announced a partnership with Kiatnakin Phatra Financial Group to offer a suite of wealth management services for affluent Thai clients seeking top-tier investment options.

The collaboration will expand Goldman Sachs’ footprint across Asia while enhancing Kiatnakin Phatra’s (KKP) offerings in private banking and wealth management. The alliance marks another significant step for Thailand in its ambition to become a regional financial center.

“We see opportunities to expand our wealth distribution business in Thailand, where investors are increasingly seeking global opportunities,” said Sabrina Gan, Managing Director at Goldman Sachs Asset Management.

“This collaboration - combining Goldman Sachs Asset Management’s global investment capabilities with KKP’s local knowledge - will enable us to offer differentiated opportunities to investors in Thailand,” Gan added.

According to Private Banker International, KKP will benefit from Goldman Sachs Asset Management’s global market perspectives and ongoing knowledge exchange between the two firms.

Another key objective of the partnership is to expand Discretionary Portfolio Management (DPM), which KKP views as a crucial tool for clients seeking risk-aware strategies in today’s complex and volatile global markets.

“We have invested heavily to build global investment capabilities, and this groundbreaking collaboration with Goldman Sachs Asset Management will elevate our ability to deliver world-class, globally diversified portfolios tailored to the evolving needs of Thai investors,” said Narit Kosalathip, KKP Managing Director and Head of Wealth Management.

Despite economic setbacks, primarily due to the pandemic, private wealth in Thailand has grown significantly over the past decade. This growth has attracted top regional and global private banking and wealth management firms to the Thai market.