Krungthai Asset Management (KTAM) today announced a partnership with Fidelity International to support its provident fund (PVD) clients with globally diversified investment products.
Through this collaboration, KTAM’s PVD platform will draw on Fidelity’s international investment expertise, enabling corporate clients and their employees to access a broader range of diversified options to support long‑term retirement planning, according to the Thai asset manager.
Chavinda Hanratanakool, chief executive officer at Krungthai Asset Management, said: “The strategic partnership between KTAM and Fidelity International represents a seamless synergy of two dimensions of expertise. KTAM’s leadership and deep-rooted understanding of the Thai capital market perfectly complement Fidelity’s global prowess in asset management and retirement planning.”
Thailand’s PVD market has historically focused on local assets, with limited exposure to global markets. Fidelity’s inclusion in KTAM’s PVD offerings aims to address this imbalance by introducing diversified global strategies, using Fidelity’s expertise in managing retirement assets for institutional and workplace investors internationally.
“We look beyond retirement planning that is merely ‘sufficient for living.’ Instead, we are committed to delivering investment innovations that build a foundation for true wealth and long-term security,” Hanratanakool said.
According to the Fidelity Global Sentiment Survey, only 31% of Thai working adults express confidence in their ability to save sufficiently for retirement. This sense of uncertainty is further underscored by the fact that 38% of respondents view increasing their savings and investments as their most urgent financial priority. Additionally, 24% of Thailand’s working population identifies debt management as their next most pressing concern.
Despite these priorities, a substantial proportion of retirement savings remains in cash. This pattern reflects ongoing market uncertainty and indicates a missed opportunity for long-term growth, as funds kept in cash are less likely to benefit from potential market returns, according to KTAM
Wildon Goh, head of Southeast Asia and country head of Singapore at Fidelity International, said:“As retirement savings are among the most significant and enduring financial decisions individuals will undertake, it is encouraging to see Thailand’s corporates demonstrating a strong commitment to employees’ long‑term financial security.”
“Our collaboration with KTAM allows us to introduce global investment expertise into Thailand’s PVD market, supporting employees in constructing resilient, future-ready retirement portfolios.”
