Krungsri (Bank of Ayudhya Public Company Limited and its affiliates) announced a partnership with Invesco, one of the world’s leading asset management firms, reaffirming its commitment to becoming a leading bank in investment advisory and wealth management.
This strategic partnership involves close collaboration to enhance investment advisory and wealth management services, while jointly developing asset allocation strategies to support new product launches in the Thai market.
Additionally, Krungsri plans to leverage Invesco’s expertise to develop a Multi-Asset investment platform that manages portfolios within client-defined investment frameworks.
Andrew Law, Chief Executive Officer for the Asia Pacific region at Invesco, said this strategic cooperation reflects the shared commitment of both organizations to deliver global investment solutions and advisory services to Thai investors. It will lay a solid foundation for long-term success and elevate investment excellence standards. We believe this partnership will play a key role in driving and shaping the future investment landscape in Thailand.
Invesco is recognized globally for its strengths in ETFs (notably the QQQ family), growth stock investments especially in technology sectors, and alternative asset management. It has a strong track record in delivering long-term returns in Chinese technology equities (CQQQ) and leads in highly liquid ETFs.
Invesco has been active in the Thai market for over 10 years, managing global assets worth $2.2 trillion. It possesses expertise ranging from short-term money markets to alternative assets. This partnership will enable Invesco to provide global insights to support Krungsri’s research teams in offering precise advice and investment portfolios tailored to Thai clients.
Passanee Udompanich, Head of Wealth Management at Bank of Ayudhya Public Company Limited, said the collaboration with Invesco will strengthen investment advisory services by providing access to economic data, market perspectives, and global investment asset insights, enhancing the accuracy and quality of analysis and recommendations.
"For 2026, we target mid-single-digit growth of about 4-5% in both the Wealth client base and AUM, focusing on quality growth. Over the past three years, Krungsri’s foreign investment funds (FIF) grew by 40%, though this year growth is expected to slow due to reduced investment in higher-risk assets."
Invesco will also expand capabilities to offer a broad range of investment products, including future-themed products like AI and Energy Transition, as well as alternative assets such as Private Equity and Private Credit to enhance stability amid market volatility. There are plans to develop Discretionary Portfolio Management (DPM) tailored to individual client goals for Wealth clients.
Through the partnership with Invesco and a client-centric approach, Krungsri aims to deliver an investment and wealth management experience that truly meets Krungsri Wealth clients' needs, based on three principles: 1. easy access to investments with confidence in decisions, 2. flexible investment solutions aligned with life goals, 3. diverse investment opportunities for long-term wealth.
Kenichi Yamato, President and Chief Executive Officer of Bank of Ayudhya Public Company Limited, said Krungsri believes this alliance with Invesco will be a vital force driving the future of investment advisory and wealth management businesses, which is a core strategy for Krungsri, while creating stable and sustainable financial opportunities for Krungsri Wealth clients.
Currently, Krungsri serves approximately 180,000 clients across three Krungsri Wealth segments: Krungsri Private Banking, Krungsri Exclusive, and Krungsri Prime, managing assets under management (AUM) exceeding 1 trillion baht.
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