Kim Eng Securities (Thailand) has set up a wholly owned subsidiary, Kim Eng Asset Management (Thailand), to strengthen investment services and give value returns to clients.
Montree Sornpaisarn, chief executive officer of Kim Eng Securities (Thailand), said that even though his company was the market leader in the securities industry, it had to develop and offer new products to customers. Having an asset-management firm can support all services.
Kim Eng Asset Management (Thailand) has registered capital of Bt100 million.
Montree said the new unit was offering its first fund, called KECASH, for general investors who prefer investing in the bourse because of the low risk and good returns involved.
It is planning to introduce bills of exchange and derivatives warrants in the final quarter of the year.