Aberdeen Standard Investments (ASI) can now provide offshore funds directly to Thai investors after securing a new licence.

The firm has secured a Limited Broker, Dealer and Underwriter Licence (LBDU) from Thailand’s Securities and Exchange Commission.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

ASI, which has been operating in Thailand since 2002, is said to be the first global mutual fund manager to secure the licence.

The licence offers Thai HNW investors access to ASI’s Luxemburg-domiciled global mutual funds.

Currently, local investors can access the firm’s over 20 domestic funds via third-party distributors.

Eventually, the firm will offer access to various funds under the Aberdeen Standard SICAV I umbrella to Thai investors.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

These vehicles cover multiple asset classes such as frontier markets bonds, China A-share equity, multi-asset diversified income, and global smaller companies.

With the relaxation of capital market rules, sThailand now allows domestic investors to access global solutions via feeder funds.

ASI head of Thailand Robert Penaloza said: “As the world battles the coronavirus pandemic and its economic fallouts, investors are facing unprecedented challenges today and looking to build more resilient portfolios.

“It is more important than ever that we help them expand their investment horizons and diversify into a breadth of asset classes and markets.”

In 2019, ASI obtained the nod of the Asset Management Association of China (AMAC) to offer onshore investment advisory services in the country.

Other developments in Thai wealth space 

In April last year, Julius Baer received a licence for wealth management JV in Thailand.

The business SCB Julius Baer is a JV between Julius Baer and Thailand’s Siam Commercial Bank (SCB).

Last February, Liechtenstein-based private bank LGT launched its wealth management office in Thailand after receiving clearance from regulators.