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THAILAND COMPANIES URGED TO STEP UP COMPLIANCE RISK MANAGEMENT

In a bid to mitigate potential risks and ensure adherence to regulatory requirements, investment firms in Thailand are being advised to strengthen their compliance risk management frameworks.

Why Compliance Risk Management Matters

According to industry experts, leading asset management companies such as Principal Asset Management Berhad have implemented comprehensive risk management systems that include self-assessment and active risk management strategies for investment portfolios. This approach is designed to safeguard clients’ mandates by minimizing exposure to unnecessary risks associated with delegated fund management.

Establishment of a Risk Management Committee

A key component of this framework is the establishment of a Risk Management Committee, which will be responsible for promoting good governance and a proactive risk management culture within the company. The committee’s duties include:

• Reviewing and recommending risk management policies
• Setting risk limits
• Enforcing compliance with regulatory requirements

The Risk Management Committee at Principal Asset Management Co., Ltd. consists of seasoned professionals from various backgrounds, including:

• Lim Khai Qi, Risk Management Director
• Somchai Yongkrittaya, Executive Vice President and Head of Market Risk at CIMB Thai Bank
• Jumpon Saimala, Chief Executive Officer of Principal Asset Management Co., Ltd.

Staying Compliant in Thailand

For more information on compliance risk management in Thailand, interested parties can contact the Compliance Department at Principal Asset Management Co., Ltd. via phone at +662 686 9508.