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Shop Talk: A Conversation with Win Phromphaet
Win Phromphaet is head of global and real estate investments with the Social Security Office of Thailand, which had total assets of 883,424 million baht (US$29 billion), as of 31 December 2011. Of that amount, approximately US$200 million is invested in real estate. Phromphaet recently spoke with Alex Eidlin, managing director – Asia Pacific, with Institutional Real Estate, Inc., about his organization’s real estate program and plan to start investing in property globally.
When was the Social Security Office of Thailand Organized, and what is its mandate?
The Social Security Office (SSO) was set up in 1990 as a government office responsible for managing the Social Security Fund and the Workmen’s Compensation Fund. As of 31 December 2011, the Social Security Fund, which provides coverage to over 10 million private employees — 27 percent of the total workforce — had total ass