KKP forges partnership with Goldman Sachs unit

Kiatnakin Phatra Financial Group (KKP) has partnered with Goldman Sachs Asset Management (GSAM) ina move to sustain the growth ofits wealth management business over the next five years.

- SOMRUEDI BANCHONGDUANG

KKP, a leading provider of wealth management services in Thailand, has consistently grown its assets under management (AUM) since 2005.

‘Atthe end of 2024, KKP’s AUM tallied 895 billion baht, with an average annual growth rate of 16% over the past two decades, said Narit Kosalatip, managing director and head of wealth management at Kiatnakin Phatra Securities, a KKP subsidiary.

“We expect our total AUM to reach 1 trillion baht by the end of this year, driven by the positive outlook for the wealth management sector, particularly offshore investments,’ said Mr Narit.

“Our goal is to maintain the annual growth rate at 16% for 3-5 years.”