BNP Paribas Private Bank and Thanachart Securities, a member of the Thanachart Group, are forming a strategic business alliance to provide services to high net worth individuals. They will work together to develop wealth management services adapted to the Thai market. The development of strategic partnerships in wealth management with strong local or regional players constitutes a key aspect of BNP Paribas Private Bank's global growth strategy. Thanachart Securities said its alliance with BNP Paribas Private Bank will drive its proficiency to the level of international standards. Suphadej Poonpipat, chief executive of Thanachart Group, said: "Thanachart Securities is already partnering BNP Paribas's Corporate and Investment Banking. We are convinced that this additional strategic alliance will enhance our private fund management capability, product design expertise and asset advisory skills to handle high net worth individuals. We believe that our domestic market share will increase as a result of this cooperation."