Expanded services strengthens investment specialist team to accelerate growth of individual and institutional investors
Krungsri Securities Public Company Limited (KSS) is expanding trading services to an additional 23 leading countries through its KSS iGlobal application, giving customers the power to invest in foreign stocks in more than 28 countries through the App. Investors will also now be able to order and sell shares via Fractional Share in the Hong Kong market. Additionally, KSS has attracted new industry experts to join KSS to strengthen their team of investment specialists.
Mr. Thanat Wongchukaew, Managing Director at Krungsri Securities Plc. (KSS), said, "KSS plans to open more Fractional Share services on the Hong Kong Stock Exchange in the first quarter of 2023 giving retail investors access to world-class stocks such as Tencent, AIA, Haidilao and Xiaomi. We will also expand the number of foreign stock exchanges we can access to provide more diversified investment options, with markets including Indonesia, China, the UK, Germany and more than 10 other leading countries in Europe and Asia now accessible to investors. Also, KSS will be the first Thai securities company to offer securities trading services in the Middle East, beginning with the United Arab Emirates."
In July, KSS launched the KSS iGlobal application to allow Thai investors to invest in overseas markets and trade foreign stocks by themselves in a single application. Using the application, investors can send stock orders in both Fractional Share and Normal Share formats.
"KSS is also preparing to launch alternative investment products to customers who wish to diversify their investment risks to generate additional returns (Potential Yield Enhancement). For example, this can include bonds with embedded derivatives based on foreign financial assets (Global Structured Products), Fixed Coupon Note (FCN), Principle Protected Note (PPN), and Bonus Enhanced Note (BEN). Global Mutual Fund and Global Fixed Income products will also be launched and available to investors by the end of this year."
In addition to creating a range of products to meet the needs of customers, KSS has also strengthened its executive team as Mr. Phadermpop Songkroh joins as a Deputy Managing Director, Krungsri Securities Public Company Limited (KSS) on November 1, 2022.
"We welcome Mr. Phadermpop to reinforce the strength and depth of our team that services individual and institutional customers and improve our investment services. This appointment will help expand our customer base and strengthen our capabilities in the long run as we adapt to changes in the financial landscape and respond to the increased investment needs of Thai people who have become more interested in investing in the aftermath of the Covid-19 pandemic. As investment behaviour has changed, investors are becoming interested in more diversified and complex financial products we have developed our KSS iGlobal app to make investment more accessible to everyone and boost financial inclusion. This also highlights the importance of Krungsri providing ongoing investment education to investors through Krungsri The COACH, part of Krungsri's One Retail strategy."