Globlex Securities (GBS) is intensifying its focus on wealth management for 2026, placing portfolio diversification at the core of its investment strategy as the Thai stock market continues to grapple with structural and sentiment-driven challenges.
While domestic equities still lack strong catalysts, the firm sees selective recovery opportunities. In response, GBS is broadening its investment product suite and expanding access to derivatives and offshore assets to better serve retail and younger investors.
The brokerage reported that assets under management (AUM) in its wealth business reached 10 billion baht in 2025, up from roughly 6–7 billion baht at the start of the year. The increase was driven by a growing high-net-worth (HNW) client base and a rebound in overseas investment funds.
Thanapisal Koohapremkit, chief executive of GBS, said the firm’s wealth management business continues to deliver solid organic growth, supported by rising demand from affluent clients and improving conditions in global markets where they are invested.
He noted that investors are increasingly looking for higher returns through overseas exposure, particularly in China and the US, which have shown signs of recovery. This trend has encouraged clients to reallocate capital more actively across asset classes and markets.
Mr Thanapisal expects the wealth management segment to continue expanding over the next one to two years. GBS aims to integrate its wealth products, bonds and equities into a unified investment ecosystem, enabling clients to adjust their allocations more efficiently in line with market cycles and investment timing.
For 2026, the firm plans to emphasise risk diversification through a “product-on-shelf” strategy, offering a wide range of instruments, including bonds, fixed-income securities, Thai equities, foreign stocks, and depositary receipts (DRs). GBS also plans to strengthen its derivatives offering with greater access to the Thailand Futures Exchange (TFEX) and single stock futures, while accelerating the roll out of offshore investment products.
In addition, the company intends to expand its private fund offerings, particularly fund-of-funds structures and DRs, to enhance liquidity and attract broader investor participation.
Operational efficiency will remain a priority, with GBS streamlining processes and increasing the use of online platforms to deliver real-time investment services in line with evolving investor behaviour, he said.
On the market outlook, Mr Thanapisal said the Thai equity market continues to lack strong domestic growth drivers and remains vulnerable to external uncertainties, resulting in thin liquidity. He added that younger investors, especially members of Gen Z, are increasingly diversifying into cryptocurrencies and foreign assets, including DRs, which often offer higher returns than Thai equities. This shift reflects a growing perception that the Thai stock market has lost its appeal, contributing to persistent capital outflows.
He stressed that restoring confidence will require clearer investment policies, stronger economic growth, and more competitive returns — factors essential to attracting new capital and revitalising Thailand’s equity market.