8 Introduction Customers Social Governance Appendix Environment Sustainability Report 2021 Open Architecture The Bank is the first bank in Thailand to offer an open architectureplatformfor all customers. TheBank’s long-term strategy for using this open-architecture platform is to provide customers with an extensive array of mutual fund products that correspond to different client needs and risk-return profiles. In 2021, ttb established twelve strong partnerships with both domestic and international leading asset management companies on the open architecture platform which include; • TMB Asset Management Co., Ltd. • UOB Asset Management (Thailand) Co., Ltd. • Aberdeen Asset Management Co., Ltd. • Principal Asset Management Co., Ltd. • SCB Asset Management Co., Ltd. • King Wai Asset Management (Asia) Co., Ltd. • TISCO Asset Management Co., Ltd. • One Asset Management Co., Ltd. • Kasikorn Asset Management Co., Ltd. • Krungsri Asset Management Co., Ltd. • Krung Thai Asset Management Co., Ltd. • Thanachart Asset Management Co., Ltd. Bancassurance On Jan 1, 2021, ttb entered into a strategic bancassurance partnership with Prudential Life Assurance (Thailand) Public Company Limited (“Prudential Thailand”), a subsidiary of Prudential PCL., for an initial term of 15 years to equip the newly merged Bank with Prudential’s leading health and wealth solutions. Prudential Life Assurance (Thailand) is a leading life insurance company that has operated in Thailand for more than 24 years. Prudential Life Insurance, which provides a comprehensive range of financial products, namely, l ife and health insurance. Additional ly, the partnership between the Bank and Prudential is expected to leverage technology to better serve customers. Subsequently, ttb offers insurance for loan collateral in association with non-life insurance companies by leveraging Thanachart Bank’s strong auto loans customer base to substantially increase ttb’s non-life insurance premiums. The Bank also provides other non-life insurance products such as personal accident, health, and motor insurance under their non-life insurance sector.
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