Hong Kong-headquartered wealth tech firm Quantifeed has partnered with Kiatnakin Phatra Securities to launch a discretionary mandate solution for private wealth clients in Thailand.
The Phatra Mandate Service platform has been designed to provide clients access to global markets through diversified investments beyond Thailand.
The platform includes both offshore exchange-traded funds and mutual funds in different asset classes. Clients will only need a minimum of $50,000 to sign up for the service which is said to offer lower annual fees.
Research, order and trade management, position monitoring and reporting, and rebalancing across multiple accounts are among the discretionary offerings.
Kiatnakin’s investment team will create the model portfolios on the platform using Quantifeed’s QEngine portfolio management application.
‘The platform will allow customers to invest with ease and in strict adherence to customers’ investment parameters and sound risk management practices. It also fulfils investors’ desire to expand their investments outside of Thailand,’ said Narit Kosalathip, head of wealth management at Kiatnakin Phatra Securities, a subsidiary of Kiatnakin Bank in Bangkok.
The partnership builds on Quantifeed’s presence in Asia, in which the firm has been operating since 2013 with offices in Hong Kong, Singapore and Sydney.
Quantifeed provides white-labelled digital wealth management solutions to financial intermediaries, including the private and premier banking divisions of banks in Asia.
The group was founded by former investment banking executives Alex Ypsilanti, CEO, and Ross Milward, chief technology officer, in Hong Kong.
They are both ex-Bank of America Merrill Lynch managing directors. Ypsilanti also worked at Morgan Stanley during his banking days, while Milward spent some time in Deutsche Bank
Last year, the duo tapped into the Japanese market to offer digital wealth management solutions to the mass affluent investor segment.