Khun Kidakarn Chudsuwan, Head of Mutual Funds Products, said: “Receiving this prestigious award, being recognized as the “Most Innovative Investment Management Bank in the Thai Market“ by International Finance, reflects our continued competitive presence in the investment management sector in Thailand.”

TMB Bank strives to encourage the locals to start investing early by easing the banking process. Currently, only 2.6 percent of the Thai’s workforce is expected to have enough savings after retirement. The bank challenges the sector norm by catering to retail customers in the country, where discretionary portfolio management was previously available for high-net worth individuals with over ฿10 million. 

Using TSP, TMB is the first Thai bank to offer total solution investment portfolio management to savers with just ฿100,000. Previously, these savers have never had access to professional portfolio management. 

TSP is built on three pillars — asset allocation, best-in-class fund selection and portfolio monetary. For asset allocation, the bank offers five portfolio models with varying risk levels, from pure fixed income portfolios to pure equity portfolio. The client portfolio is closely monitored to capture market opportunity and carry out risk control.

To date, more than 5,000 customers have signed up for TSP — and the bank has managed to gather over ฿10 billion in assets under management. “As TSP has been well received by customers, we aim to introduce additional features to encourage Thais to start investing and make investing easy,” Khun Kidakarn Chudsuwan, Head of Mutual Funds Products said. “Eventually, TSP helps fulfill our goal in ensuring more Thais have enough savings for their retirement.”

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