TMB has officially acquired a 99.97% stake in Thanachart Securities to enhance its wealth management capabilities and broaden investment options for clients.

Target Information

Thai Military Bank Public Company Limited (TMB) has officially acquired a 99.97% stake in Thanachart Securities Public Company Limited, amounting to a total of 2,998,959,721 shares. This acquisition positions TMB as a major shareholder in Thanachart Securities. Pitak Tantisirin, CEO of TMB, has stated that this investment is part of TMB's overarching strategy to enhance its Wealth Ecosystem and expand its comprehensive wealth management service capabilities.

As a leading securities firm in the country, Thanachart Securities possesses strong expertise in investment and has consistently earned customer trust due to its robust financial position. The merger between TMB and Thanachart Securities is anticipated to elevate service quality and deliver superior experiences to both existing and new customers. The synergy is expected to strengthen TMB's income from wealth management, which is a high-potential business segment, particularly in a fluctuating economic environment.

Industry Overview in Thailand

The financial services industry in Thailand is characterized by robust competition and a growing demand for comprehensive wealth management solutions. The landscape is evolving, with more investors