Thai private banking clients allocate 15% offshore, but alts see little interest

Following challenging domestic markets in 2024 and current geopolitical uncertainties, 50% of Thailand’s wealth management professionals say that over 15% of client wealth is allocated to offshore investments, with Singapore being the most preferred offshore wealth hub. Despite global private banks and asset managers advocating alternatives as volatility hedges and sources of alpha, most Thai players report client allocations below…

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