Former President of a billion dollar state enterprise bank "SME Bank Thailand" appointed as new CEO of Capital Trust Group Limited, New Zealand

Summary: Capital Trust Group announced the appointment of Manoonrat Lertkomolsuk as its new Co-Chief Executive Officer. Manoonrat is a Former President of a billion-dollar state-owned bank "SME Development Bank of Thailand"

New Zealand - Capital Trust Group Limited, a significant investment management firm, has announced a new Co-CEO who is former President of a billion-dollar state enterprise bank " Small and Medium Enterprise Development Bank of Thailand"

Manoonrat Lertkomolsuk has more than thirty-year experience in the U.S. and Asia. He is former Managing Director of ING Asset Management (Thailand) and former President of Small and Medium Enterprise Development Bank of Thailand. SME Bank’s legal status is as a state enterprise due to its government ownership, specific policy role, strategic importance to the government, as well as ongoing financial support and control by the Thai government. SME Bank has a public mandate to develop and support sub-prime, start-up and non-performing SMEs, which would otherwise expose the commercial banking sector to high levels of credit risk, by providing loans and other financial services. Under his leadership and strong capabilities in financial industry and management, he will contribute to drive the CTG’s target revenues from Private Trading Challenge As-A-Service as well as investment management service.

Recently CTG launched a digital bond offering as a private placement via the Fireblocks Network Link with a volume of US$1 billion, targeting high-net-worth individuals and institutional investors to fund Asia's first and only super-luxury Private Jet Residence and Golf Course Project. It also showcases one of the many potential applications of digital transformation for traditional businesses.

CTG's digital bond issuance is an innovative way of providing an alternative financing channel for the traditional real estate market and with the appointment of the new Co-CEO, who is a former President of SME Bank, CTG targets to issue a digital bond and fundraising via the Fireblocks Network Link to invest into SME businesses, global private equity, infrastructure, and natural resources. A new report from global consulting firm BCG and digital private market exchange ADDX reveals. By 2030, it predicts digital asset tokenization will be a $16.1 trillion business opportunity. And as per McKinsey’s Private Markets Annual Review 2022, assets under management (AUM) of private equity markets grew to an all-time high of $9.8 trillion in 2021 and And BNY Mellon survey shows that 91% of institutions are interested in investing in tokenized products but are looking to do so in a safe and compliant manner.

About the Company - Capital Trust Group (CTG)

Capital Trust Group (CTG) is a primary investment management firm that provides a range of investment management services to institutional investors worldwide. Established in 2011 and headquartered in Auckland, New Zealand, CTG has grown to become a globally investment management firm, specializing in wealth management, asset management and fund management.

For further information, visit: https://www.ctgportal.com

Media Details:

Company Name: Capital Trust Group Limited
Contact Person: Peter Wises

Tel: +64 9-889 9076
Company email: [email protected]
Company website:  https://www.ctgportal.com  
Country name: New Zealand

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