AIA Launches 'AIA Investment Management (Thailand)’ Offering Global Opportunities, Becoming the Third-Largest Investment Management Company with 847 Billion Baht in Assets Under Management

Stocks and Financial Services Press Releases Monday August 10, 2020 16:46
Bangkok--10 Aug--AIA Thailand

AIA Thailand, a leader in the life assurance and unit linked market in Thailand, is driving the capital market by launching AIA Investment Management (Thailand) Co., Ltd. (AIAIMT) to manage funds under AIA unit linked policies. The company will leverage its over 30 years of portfolio management expertise, connect investors with opportunities through its global network, and upgrade sustainable investment and business operations with ESG principles. AIAIMT comes with a lower fee for active funds offering better returns to customers.

Dr. Mark Konyn, Chief Investment Officer, AIA Group, said that AIA Group is the world’s largest insurance group, with strong investment experience in 18 countries in the Asia-Pacific and over 150 investment management experts across all regions in the world. AIA Group realizes the potential of managing the large amount of assets of AIA Thailand that have been investing in Thailand in the bond, equity and property markets supported by extensive resources across AIA Group. Throughout the 82 years that AIA has been with the Thai people, the company has demonstrated both its strength and potential achieving the largest market share in the country.1Currently, more than one-third of life insurance policies in Thailand are with AIA,2ensuring that the company continues to play a vital role in the Thai capital market. The official opening today of AIA Investment Management (Thailand) Limited, or AIAIMT, marks another major milestone for AIA in Thailand.

“AIAIMT will be one of the country’s largest investment management companies with investment management experts offering more than three decades of experience and successfully managing financial investment. AIAIMT will focus on a sustainable investment policy and operate its business by addressing Environmental, Social and Governance (ESG) principles. This is aligned with AIA Group’s policy of operating with integrity in accordance with ESG principles to build opportunities to create solid and sustainable returns,” said Dr. Konyn.

Mr. Sukkawat Prasurtying, Chief Executive Officer, AIA Investment Management (Thailand), noted that AIA Investment Management (Thailand) was established with 100 million baht in registered capital to manage the assets and investments of AIA Thailand’s unit linked plans with an aim to deliver investment services and the best benefits to customers. Currently, AIAIMT is the third largest investment management firm in the country with 847 billion baht in assets under management (AUM). The company has a highly experienced team of fund managers accustomed to investing in both the Thai and international markets. AIAIMT will connect with AIA Group’s investment network around the world, together with other capable business partners to appropriately and effectively manage investments.

“The establishment of AIAIMT is a good opportunity for our policyholders to connect with AIA’s global investment network, reinforcing AIA Thailand’s vision of investing side by side with customers, and managing assets through our world-class expertise and experience as well as using advanced and secure investment technologies in order to generate favorable long-term returns to investors. Also, AIAIMT will provide opportunities to tap into international markets through our well-respected global network and business alliances, which include BlackRock, Wellington Management and Baillie Gifford, opening more doors with the potential for better returns for Thai investors. We invest our own money in the same funds in which you will invest yours,” said Mr. Sukkawat.

AIAIMT set up nine new funds, including five local funds and four foreign investment funds. The funds will focus on long-term gains, cover any industry with consistent growth, and will be managed with careful risk management. Initially, AIAIMT launched the five local funds and will launch the foreign investment funds shortly.

For more information of AIA Investment Management (Thailand), please contact Tel 0-2535-8822 or www.aiaim.co.th

Latest Press Release

Japan's Mitsubishi UFJ Lease And Hitachi Capital Both Affirmed At 'A-/A-2' On Planned Merger; Outlooks Stable

TOKYO Sept. 25, 2020--S&P Global Ratings today said it has affirmed its 'A-' long-term and 'A-2' short-term issuer credit ratings on both Japan-based Mitsubishi UFJ Lease & Finance Co. Ltd. (MUL) and Hitachi Capital Corp. (HCC). Outlooks on the...

Japan's Mitsubishi UFJ Lease And Hitachi Capital Both Affirmed At 'A-/A-2' On Planned Merger; Outlooks Stable

TOKYO Sept. 25, 2020--S&P Global Ratings today said it has affirmed its 'A-' long-term and 'A-2' short-term issuer credit ratings on both Japan-based Mitsubishi UFJ Lease & Finance Co. Ltd. (MUL) and Hitachi Capital Corp. (HCC). Outlooks on the...

XCMG Diversifies Equity Ownership, Opening up 49% Equity to Unleash Market Potential

- Transfers 5.4-billion-yuan worth of equity (US$791 million) to three state-owned holding enterprises: Jiangsu Guoxin Investment Group Limited, CCB Financial Asset Investment Co., Ltd. and BoCom Financial Assets Investment Co., Ltd. - Signs capital...

The votes are in and FP Markets has been crowned 'Best Global Value Forex Broker' for 2020

FP Markets is delighted to announce that it has been awarded the Best Global Value Forex Broker for 2020. The Global Forex Awards 2020 awarded excellence in the financial industry in areas such as cutting-edge technology, low-cost trading and customer...

SingularityU Thailand joins forces with SCB 10X to open 'SingularityU Virtual Summit Thailand 2020’

SingularityU Thailand joins forces with SCB 10X to open 'SingularityU Virtual Summit Thailand 2020’ – a global online seminar to discuss on “The Future of Work” after COVID-19 SingularityU Thailand has joined hands with SCB 10X,...

Related Topics