Several years ago, alternative assets were little more than an afterthought in Thailand — a satellite slice of a wealthy investor’s portfolio added for flavour rather than foundation. Today, that paradigm has shifted dramatically. For a growing tier of wealthy Thai investors, private assets have transformed into a strategic allocation.  Triphon Phumiwasana, chief investment officer at K WEALTH at Kasikornbank […]

The post Access alone won’t drive Thailand’s next phase of private markets, says KBank CIO appeared first on Asian Private Banker.

A senior private banker covering Thailand has departed UOB Private Bank after more than a decade with the lender, Asian Private Banker has learnt. Singapore-based Chomplern Ueavivatsakul, a senior director at the bank, has recently left, sources told APB. Her license with UOB on the MAS website terminated on 8 August 2026. UOB Private Bank declined to comment on personnel matters. […]

The post Senior Thai banker departs UOB Private Bank appeared first on Asian Private Banker.

Thailand’s increasingly stringent stance on a common market practice of international wealth management is pushing private banks to consider establishing an onshore presence in the country. Historically, market players relied on reverse solicitation practices to justify the fly-in, fly-out model, even though Thailand’s Securities and Exchange Commission (SEC) had never formally endorsed it. This changed in September 2024, when the […]

The post Thai SEC solicitation crackdown: Offshore private banks remain exposed under ‘fly-in’ model appeared first on Asian Private Banker.

SCB Julius Baer is targeting a five-year revenue shift, transitioning Thai clients from tactical trading and single equities into recurring fee-based managed solutions, aiming to reduce its reliance on transaction fees. “Historically, Thai clients have favoured tactical trading and single equities, making the portfolios and the firm’s growth highly market-dependent. We are actively working to shift this trajectory toward managed […]

The post Trading out, managed solutions in — SCB Julius Baer’s Thailand plan appeared first on Asian Private Banker.

Uncertainty about the ongoing Middle East conflict and a desire for stability and investment opportunities are leading more Asian high net worth individuals to look towards Thailand as a haven to park their assets for the long term, wealth management leaders told Asian Private Banker. While hubs such as Hong Kong and Singapore continue to attract HNW investors, the need […]

The post Thailand’s wealth appeal grows as UHNWIs seek new hubs appeared first on Asian Private Banker.

A senior banker is leaving Siam Commercial Bank (SCB), Asian Private Banker has learnt.  Poramin Chantanusat, first senior vice president, high net worth and affluent segment at SCB, has resigned, sources told APB. SCB has been contacted for comment. APB has been unable to determine Chantanusat’s next move. Chantanusat has nearly two decades of experience in the financial industry. Prior to leading […]

The post Former private banking RM head resigns from Siam Commercial Bank appeared first on Asian Private Banker.

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The post Can Asia’s AI frontrunners stay the course? appeared first on Asian Private Banker.

William Fok, country head of HSBC Private Bank in Thailand, is making no secret of his ambitions: he wants to turn the British banking giant into the country’s dominant private bank, and he is restructuring the local business to do it. Just five months into the role, Fok is already shifting the bank’s lean Bangkok operation into growth mode. To […]

The post HSBC Private Bank plans to scale in Thailand—but how? appeared first on Asian Private Banker.

One of Thailand’s largest lenders has made a senior appointment to its private banking business, Asian Private Banker has learnt.  Jaturont Usahacharoenporn recently took up the role of head of private bankers at Bangkok Bank, responsible for private banking relationship management. Bangkok Bank has been contacted for comment. Usahacharoenporn has over two decades of experience in the financial industry. He […]

The post Bangkok Bank appoints private banking relationship management head appeared first on Asian Private Banker.

A senior executive is set to leave Schroders in Singapore after more than nine years with the asset manager, Asian Private Banker has learnt. Arthit Thongcharoen, Schroders’ head of Thailand business, has recently resigned, a source familiar with the matter told APB. Schroders confirmed Thongcharoen’s departure to APB, stating he left to pursue an opportunity outside the organisation. The firm is currently in […]

The post Schroders’ Thailand business head resigns appeared first on Asian Private Banker.

KGI Securities Thailand has made a senior hire to strengthen its wealth business, Asian Private Banker has learnt. Based in Bangkok, Theeraphat Buakai has been appointed as head of sales for KGI Private Wealth, the firm’s private wealth arm. He will report to Charn Phenjati, head of wealth management. KGI Securities has been contacted for comment. Buakai has over 15 […]

The post KGI Securities Thailand makes senior hire for wealth business appeared first on Asian Private Banker.

While Southeast Asia’s emerging wealth markets have historically been driven by transactional brokerage and advisory trading, a structural shift is underway. According to Abhishek Mehrotra, HSBC Private Bank’s market head of Southeast Asia international, younger wealth generators across Thailand and the Philippines are pivoting toward discretionary mandates and alternative investments – fundamentally altering how international lenders scale their operations in […]

The post HSBC PB targets ASEAN growth with discretionary mandates appeared first on Asian Private Banker.

Despite years of liberalisation and market hype, a significant portion of Thai wealth remains stubbornly localised. The latest Asian Private Banker Thailand Global Wealth Summit Survey reveals that nearly 30% of Thai high net worth (HNW) portfolios still carry 10% or less offshore exposure. This local concentration gives global private banks a prime runway to target these clients directly via […]

The post Are Thai HNWIs slow to go offshore? APB survey finds appeared first on Asian Private Banker.

As international wealth giants race to capture Thailand’s fast-expanding wealth market, a critical bottleneck has emerged at the “last mile” of execution. Speaking at Asian Private Banker’s Thailand Global Wealth Summit 2026, regional leaders warned that having sophisticated global platforms is not enough; success now hinges on highly trained, onshore relationship managers (RMs) capable of translating complex offshore strategies into […]

The post Thailand’s “last mile”: SCB Julius Baer, HSBC PB, BNP Paribas scale up onshore RM talent appeared first on Asian Private Banker.

Last week, the Asian Private Banker team was in Bangkok to host the third annual Thailand Global Wealth Summit, an event that has evolved from a half-day gathering into a full-day forum, reflecting how quickly Thailand’s wealth landscape is deepening and becoming more sophisticated. Bringing together private bankers from both international and local institutions, the discussions went beyond comparing business […]

The post Bottom Line: Global vs local private banks in Thailand: Or something else entirely? appeared first on Asian Private Banker.

Onshore Thailand client portfolios have shifted toward global and alternative investments, prompting private banks to expand their offerings and strengthen relationships with global managers to meet rising demand. Speaking at Asian Private Banker‘s Thailand Global Wealth Summit 2026, with over 150 attendees, leaders in Thailand’s private banking space focused their discussion on the evolution of the typical private banking client […]

The post Thai private banks race to meet demand for global, alts investments appeared first on Asian Private Banker.

Maybank Securities Thailand has appointed a veteran private wealth executive to strengthen its wealth management business amid intensifying competition for Thai high net worth clients. Vasin Sukwatwibul was named managing director and head of wealth management, according to a company announcement. He will oversee the firm’s wealth management business and drive its growth strategy in the segment. Sukwatwibul brings more than […]

The post Maybank Thailand hires wealth management head from Kiatnakin Phatra appeared first on Asian Private Banker.

LGT has appointed a former Standard Chartered Thailand CEO to lead its wealth management business in the country. Effective 15 May 2026, Anchalee Bunsongsikul will take up the position of chief executive officer of LGT Securities (Thailand) Limited, according to a company release on Wednesday. She will also become a member of the LGT Private Banking’s Asia Pacific executive board. […]

The post LGT taps ex-StanChart Thailand CEO to lead wealth business appeared first on Asian Private Banker.

Kiatnakin Phatra Securities (KKPS) is seeing its 2019 entry into private markets pay off as the business reaches a new phase of maturity. Early investments made by clients, particularly private equity, are now maturing, allowing KKPS to roll liquidity into new vintages. In this new strategic phase, many long-term clients have seen their penetration into private markets hit “optimal exposure,” […]

The post Thailand’s Kiatnakin Phatra hits US$2.5bn alts milestone as reinvestment cycle kicks in appeared first on Asian Private Banker.

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The post Beyond the headlines: Where Federated Hermes sees real opportunity in the Asia ex-Japan region appeared first on Asian Private Banker.

For years, Southeast Asia’s wealth management landscape was defined by regional giants with broad multi-market footprints, while local players were often left competing in lower-margin, transactional segments. That hierarchy is now being challenged. In Thailand, Kiatnakin Phatra Securities (KKPS) has positioned itself at the centre of this shift, moving away from a long-standing “product-pushing” legacy toward building more sophisticated, high-conviction […]

The post Thailand’s Kiatnakin Phatra shakes off ‘product-push’ legacy in DPM pivot appeared first on Asian Private Banker.

The market head for Thailand and the Philippines at DBS Private Bank is set to depart the Singapore-based lender, Asian Private Banker has learnt. Edwin Tan has resigned from DBS Private Bank, with the bank confirming his departure. Tan has over two decades of experience in wealth management and private banking. He joined DBS Private Bank in 2024 from UBS, […]

The post DBS Private Bank’s Thailand and Philippines market head resigns appeared first on Asian Private Banker.

Krungsri Bank has partnered with global asset manager Invesco, marking the latest in a string of Thai-global tie-ups aimed at capturing growing private wealth. The partnership will aim to enhance Krungsri’s investment advisory and wealth management services by combining its local expertise in the Thai market with Invesco’s global investment experience, according to a recent announcement. Under the agreement, the […]

The post Invesco becomes “preferred partner” for Krungsri’s US$31bn wealth business appeared first on Asian Private Banker.

The Asian Private Banker team was on the ground in Bangkok last week, speaking with local and international private banking leaders to understand how the Thai wealth market is evolving. Several clear trends are emerging as banks respond to changing client behaviour, regulatory shifts, and a growing appetite for global diversification. The bottom line: Thailand’s private banking market is at […]

The post Bottom Line: Hello Bangkok! 10 trends shaping Thailand’s private banking market appeared first on Asian Private Banker.

A former head of wealth management at CIMB Thai Bank has joined DBS Bank Thailand.  Thiyachai Chong has been appointed as head of wealth management (private banking & affluent) at DBS Vickers Thailand, Asian Private Banker has learnt. A DBS spokesperson has confirmed the appointment with APB. Chong was formerly the head of wealth management & preferred banking, executive vice […]

The post Ex-CIMB Thai Bank wealth head joins DBS Thailand appeared first on Asian Private Banker.

BNP Paribas Wealth Management (BNP Paribas WM)’s bet on a boots-on-the-ground onshore team in Thailand appears to be paying off, with surges in account openings, AUM and revenue. While international private banks are still operating from a small base in Thailand, Bangkok-based Daniel Peter, who heads up the bank’s onshore Thailand business, argues that onshore clients’ pivot to global assets […]

The post BNP Paribas WM’s Thai onshore AUM jumps 60% as clients pivot to global assets appeared first on Asian Private Banker.

A seasoned private banker covering Thailand is set to leave the country’s largest lender, Asian Private Banker has learnt. Pooncharas Papasureechote recently resigned from Bangkok Bank to take a career break, sources familiar with the matter told APB. Papasureechote has 25 years of experience in wealth management. She joined Bangkok Bank Private Banking in 2024 as head of relationship management. Before that, […]

The post Bangkok Bank loses seasoned private banker appeared first on Asian Private Banker.

With domestic interest rates at just 1.25% and the SET Index delivering negative returns, Thailand’s wealth managers face a stark choice: offer robust offshore solutions or watch their clients walk. In recent years, amid this struggling domestic market, a wave of strategic alliances has emerged between local banks and global heavyweights such as J.P. Morgan Asset Management and Goldman Sachs […]

The post Offshore solutions or lose clients? Thai private banks tap global managers as slump deepens appeared first on Asian Private Banker.

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The post 2026 Asia fixed income outlook: Tested again. Resilient again.  appeared first on Asian Private Banker.

HSBC Private Bank has tapped a seasoned banker to lead its onshore Thailand business, Asian Private Banker has learnt. Based in Bangkok, William Fok will report to Benjamin Wang, desk head for Thailand and Vietnam, HSBC Private Bank, according to sources familiar with the matter. Fok brings over 20 years of experience in structured products and investment counselling, most recently at LGT […]

The post HSBC PB taps LGT banker to drive Thai business appeared first on Asian Private Banker.

J.P. Morgan AM (JPMAM) has expanded its strategic partnership with Kasikornbank (KBank) to bring its investment solutions to Thailand’s wealth segment through KBank’s wealth management brand, K Wealth, according to a statement today.  This latest partnership will grant KBank priority access to JPMAM’s investment solutions, market insights, and advisor training, with the two firms aiming to develop investment strategies for […]

The post JPMAM expands KBank partnership in Thai wealth push appeared first on Asian Private Banker.

Private markets firm Partners Group has made its first inroads into Thailand’s booming wealth market with a partnership with the country’s largest local asset manager. Under the agreement, a select network of local partner banks and their private wealth clients of SCB Asset Management (SCBAM) will gain access to Partners Group’s cross-sector royalties evergreen fund, according to a statement on […]

The post Partners Group brings royalties offering to Thailand with local tie-up appeared first on Asian Private Banker.

Deutsche Bank Private Bank has hired a senior banker to cover the Thai market from its Singapore office. Vitita Theeraporn has joined Deutsche Bank Private Bank as a director for the Thailand team within the Southeast Asia (SEA) region at the bank, according to an internal memo sent by Johannes Oeni, head of Southeast Asia, Private Bank. Theeraporn will be based […]

The post Deutsche Bank Private Bank hires senior banker for Thailand team appeared first on Asian Private Banker.

BNP Paribas Wealth Management (BNP Paribas WM) has hired a senior banker for its onshore Thailand wealth management business, Asian Private Banker understands. Chatadul Seenapongpipit recently joined the French bank in Bangkok as a director, senior relationship manager, reporting to Daniel Peter, CEO of BNP Paribas WM Thailand. BNP Paribas confirmed the appointment. Seenapongpipit joins from UBS Wealth Management. He […]

The post BNP Paribas WM nabs ex-UBS banker in onshore Thailand appeared first on Asian Private Banker.

In 2024, Asia markets, including Thailand, Taiwan, the Philippines, Malaysia, and Indonesia, saw their private banking and wealth management industry assets under management (AUM) reach US$505 billion, up 12% from 2023’s US$450 billion, according to APB’s Asia Markets 2024 AUM League Tables. As in 2023, the Philippines once again led the growth in these five domestic markets in 2024 with […]

The post Asia Markets 2024 AUM: Assets up 12%, Philippines steals the spotlight again appeared first on Asian Private Banker.

SCB Julius Baer’s chief risk officer has decided to step down from the position, Asian Private Banker has learnt. Chief risk officer Perawuth Limumnouy will be parting ways with Julius Baer’s joint venture in Thailand after less than two years in the role due to personal reasons, people familiar with the matter told APB. While the existing team will continue […]

The post SCB Julius Baer’s chief risk officer steps down appeared first on Asian Private Banker.

Foreign private banks are facing growing regulatory restrictions in Thailand, as authorities crack down on unlicensed investment-related activities amid rising interest in offshore products, prompting Asian Private Banker to investigate the situation further. Last September, the Securities and Exchange Commission (SEC) issued a statement outlining new guidelines for foreign firms offering investment services to Thai investors, aiming to enhance Thailand’s status […]

The post No licence? No card. Thailand gets tough on foreign private banks appeared first on Asian Private Banker.

DBS has appointed a senior investment specialist for its Thailand securities arm, DBS Vickers Securities Thailand, while local rival Siam Commercial Bank (SCB) is also making leadership changes in its private banking division, Asian Private Banker understands. Chatkaew Groatong will be joining DBS in Bangkok as a director and fund manager, responsible for funds and discretionary portfolio management advisory services, […]

The post Thailand: DBS PB hires investment veteran; SCB appoints PB head appeared first on Asian Private Banker.

As Thailand emerges as a potential hotspot for wealth management, international players in the region are aiming to differentiate their offerings to capture AUM and talent in this growing market. This is according to senior executives at this year’s edition of Asian Private Banker‘s annual Thailand Private Banking Leaders Conversation. The Bangkok event drew a full house of senior executives, […]

The post “There is a war for talent”: Int’l private banks reveal onshore Thailand playbook appeared first on Asian Private Banker.

Kasikornbank (KBank) Private Banking in Thailand has launched a new digital front-end platform to support its relationship managers (RMs) and financial advisors, marking a major step in its digital transformation journey. Developed and based on Synpulse8’s Wealth Cockpit, the new platform was rolled out after an eight-month implementation period from April to December 2024. It integrates multiple RM tools into […]

The post Thailand’s KBank Private Banking launches new tool for RMs appeared first on Asian Private Banker.

While Thailand’s private wealth investors are just taking the first steps towards diversifying their investment portfolios beyond domestic markets, those who have begun this journey are now reaping the benefits of different regional markets and asset classes. This is according to senior executives at Asian Private Banker‘s second annual Thailand Private Banking Leaders Conversation, which drew a full house of […]

The post Thai private banking leaders are going global – here’s why and how appeared first on Asian Private Banker.

Last week, the Asian Private Banker team was in Bangkok for our annual Thailand Private Banking Leaders Conversation, bringing together top experts from across Southeast Asia to explore developments in Thailand’s onshore market. It was great to be back in Bangkok, a city known for its vibrant street life and fantastic food. But while the snacks were tempting, our focus […]

The post Bottom Line: Can Thailand be a booking centre with a Bangkok twist? appeared first on Asian Private Banker.

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 […]

The post Thai private banking clients allocate 15% offshore, but alts see little interest appeared first on Asian Private Banker.

Asian Private Banker brought together Thailand’s top wealth leaders in Bangkok for the second annual Thailand Private Banking Leaders Conversation, drawing a full house of senior executives, private bankers, and product specialists from both domestic and international wealth management circles. This year’s edition delved into Thailand’s growing prominence on the global wealth map and how the industry is rising to […]

The post Bangkok full house for APB’s Thailand Leaders Conversation appeared first on Asian Private Banker.

Thailand’s Kiatnakin Phatra Financial Group (KKP) has formed a strategic partnership with Goldman Sachs Asset Management (Goldman Sachs AM) to enhance global investment opportunities for its onshore wealth clients. As part of the partnership, Goldman Sachs AM will provide KKP with investment advisory services through model portfolios encompassing multi-asset strategies, including equities, fixed income, and alternative investments, according to a […]

The post Kiatnakin Phatra partners Goldman Sachs AM in global play appeared first on Asian Private Banker.

Thailand’s Siam Commercial Bank (SCB) has partnered with BlackRock to strengthen the global investment capabilities of its wealth business, as U/HNW clientele in the country increasingly look to international solutions to boost their returns. Under the partnership, SCB Wealth will leverage the investment analysis and insights of the world’s biggest asset manager to identify investment solutions for the Thai bank’s […]

The post Thailand’s SCB ties up with BlackRock for global wealth products appeared first on Asian Private Banker.

Thailand is rapidly becoming one of private banking’s most exciting onshore markets in Asia, with domestic players bulking up their global and private markets product shelves, while their international counterparts seek to scoop up the best front office talent. On a trip to Bangkok earlier this month, this editor caught up with the majority of local and international players operating […]

The post Bottom Line: Thailand’s onshore PB race hots up appeared first on Asian Private Banker.

Julius Baer’s joint venture in Thailand has appointed a new CEO, Asian Private Banker can reveal. SCB Julius Baer has appointed Adrian Mazenauer as CEO to drive the next phase of growth for its high net worth wealth management business in Thailand, according to people familiar with the matter. Mazenauer was previously deputy CEO and head of wealth management for […]

The post SCB Julius Baer appoints Credit Suisse veteran as CEO appeared first on Asian Private Banker.

Siam Commercial Bank Private Banking’s (SCB PB) relationship manager head is set to depart the bank, Asian Private Banker understands. Poramin Chantanusat, the current relationship management head for SCB PB, will depart the bank soon, people familiar with the matter told Asian Private Banker. Chantanusat has spent over a decade with SCB. Before taking up the senior role in early […]

The post Siam Commercial Bank appoints RM head for private banking appeared first on Asian Private Banker.

HSBC Global Private Banking’s (HSBC GPB) Thailand country head has departed the bank, Asian Private Banker has learned. Saranya Arunsilp recently left the bank, according to people familiar with the matter. She had worked for HSBC for over four years. HSBC confirmed Arunsilp’s departure. APB has been unable to determine Arunsilp’s next career move. Before HSBC, Arunsilp worked at Thai […]

The post HSBC GPB Thailand country head resigns appeared first on Asian Private Banker.

BNP Paribas Wealth Management (BNP Paribas WM) has hired two relationship managers (RMs) for its Thailand business, according to people familiar with the matter. Krittaya Kumar recently joined the French bank’s onshore unit as director and RM, sources told Asian Private Banker. Kumar joins from LGT Thailand, where she spent close to five years. She was most recently executive director […]

The post BNP Paribas WM bolsters Thailand team with two hires appeared first on Asian Private Banker.

Singapore lender DBS aims to increase its AUM in Thailand to THB 300 billion (US$9 billion) by 2026. Edwin Tan expects that the wealth management segment, including both affluent and private banking, will contribute 50% of the growth. “We currently have about THB 100 billion (US$3 billion) in AUM in Thailand,” the market head for Thailand and the Philippines told […]

The post DBS eyes tripling of Thai AUM with onshore-offshore model appeared first on Asian Private Banker.

UOB’s acquisition of Citi’s businesses in Southeast Asia in 2022 and 2023 accelerated its regional expansion, rapidly achieving what may have taken five to ten years to build organically. But now, with a large influx of clients moving from a global US-headquartered bank to a regional one in a short period of time, how is the Singaporean lender managing to […]

The post Citi deal “very synergistic” for UOB’s affluent segment: Jacquelyn Tan appeared first on Asian Private Banker.

Julius Baer’s joint venture in Thailand has made an internal promotion to the role of deputy CEO, Asian Private Banker has learned. SCB Julius Baer has appointed Adrian Mazenauer as deputy CEO to drive the growth of its business for high net worth clients in Thailand, according to a note seen by APB. Mazenauer, who joined the joint venture between […]

The post SCB Julius Baer picks deputy CEO to drive Thai growth appeared first on Asian Private Banker.

One of Thailand’s largest lenders has bolstered its domestic private banking service by hiring a senior banker from Credit Suisse’s legacy Thailand offshore wealth management unit, Asian Private Banker can reveal. Suchavadee Pitiviroj recently joined Bangkok Bank as a senior relationship manager, according to sources on the ground. She will report to Pooncharas Papasureechote, a team head at Bangkok Bank’s […]

The post Bangkok Bank hires senior banker from UBS appeared first on Asian Private Banker.

Asian Private Banker is proud to present the launch of its Asia Markets 2023 AUM League Tables which track the growth story of private wealth management in Thailand, Taiwan, the Philippines, Malaysia, and Indonesia. Today marks the launch of our Thailand and Indonesia data, with Taiwan, Malaysia and the Philippines to follow on Wednesday this week. In this year’s AUM […]

The post APB Insights: Two-speed Thailand – AUM growth slows for local banks as int’l players make strong gains appeared first on Asian Private Banker.

Global private banks operating in Thailand’s onshore market are confident that a new offshore wealth tax will not damage their business in the country, leading private bankers said at Asian Private Banker‘s inaugural Thailand Private Banking Leaders Conversation. The regulatory change, which came into force at the start of this year, means that Thai residents who intend to bring foreign-sourced […]

The post “The uncertainty has lowered”: Global private banks on Thai wealth tax appeared first on Asian Private Banker.

Thai private banks are ramping up their allocations to private markets products amid recent poor performance in the domestic equity and bond markets. Increased allocations to global and alternative assets strengthen portfolios with diversification and uncorrelated returns, Thai private bank leaders pointed out, but also require increasing client education about an asset class still considered high-risk in Thailand. These are […]

The post Thai wealth managers target private markets and int’l collaborations appeared first on Asian Private Banker.

A top executive of the private banking group at Thailand’s Kasikorn Bank (KBank) has recently resigned, Asian Private Banker can reveal. Jirawat Supornpaibul, executive chairman of KBank private banking group and private banking group head, will soon leave the bank, according to people familiar with the matter. Supornpaibul joined KBank in 2013. Before that, he worked for Morgan Stanley Private […]

The post Thailand’s largest private bank loses top executive appeared first on Asian Private Banker.

Julius Baer’s joint venture in Thailand with Siam Commercial Bank, SCB Julius Baer, has appointed a new CEO. Peerapong Jirasevijinda has been appointed as CEO of SCB Julius Baer, the bank said in a statement on Monday. Lalitphat Toranavikrai, the former CEO of SCB Julius Baer, will continue to stay as a member of the board of directors of SCB […]

The post Julius Baer’s joint venture in Thailand names new CEO appeared first on Asian Private Banker.

HSBC Global Private Banking (GPB) was close to being the largest private bank in Asia until the two Swiss giants, UBS and Credit Suisse, merged last year. Following HSBC’s recent inaugural Global Investment Summit (GIS) in Hong Kong, Annabel Spring, global CEO for GPB and Wealth, shared the bank’s secret weapons in aspiring to be Asia’s leading private bank. “We […]

The post It’s not all about AUM: Annabel Spring on HSBC’s aspiration to be Asia’s leading private bank appeared first on Asian Private Banker.

Hong Kong-headquartered Raffles Family Office (Raffles FO) is opening a representative office in Thailand to tap the fast-growing market, Asian Private Banker has learnt. Based in Bangkok, Thidatip (DaDa) Thitikarunwong recently joined at Raffles FO as a managing director and market head of Thailand, a spokesperson for the firm has confirmed. According to a private invitation note seen by APB, Raffles […]

The post Raffles FO to open Thai office, appoints ex-Credit Suisse banker as market head appeared first on Asian Private Banker.

A sweeping change to tax rules in Thailand could drive more of the Southeast Asian country’s burgeoning wealth into the hands of foreign private banks and asset managers, according to bankers and lawyers. Starting 1 January 2024, Thai residents who intend to bring foreign-sourced income into the country have to pay personal income tax of up to 35% upon remittance, […]

The post Global private banks eye Thai windfall after sweeping tax change appeared first on Asian Private Banker.

BNP Paribas Wealth Management (WM) has pledged to triple its number of Thailand relationship managers (RMs) and onshore Thailand AUM over the next three years. With Credit Suisse recently closing shop in the market, and the French bank’s Thailand CEO, Daniel Peter, being an experienced ex-Credit Suisse onshore banker himself, BNP Paribas WM looks well-positioned to capture a slice of […]

The post “It will not be a walk in the park”: BNP Paribas WM Thailand CEO on tripling RMs and assets appeared first on Asian Private Banker.

Singapore’s largest lender, DBS, has appointed a new head of its wealth and retail business for its subsidiary DBS Vickers Securities Thailand, Asian Private Banker can reveal. Sukit Jaratchaiwanna has joined DBS Vickers Securities Thailand as head of the wealth and retail business, based in Bangkok, according to people familiar with the matter. He will be responsible for the DBS […]

The post DBS hires head of wealth for Vickers Securities Thailand appeared first on Asian Private Banker.

DBS Private Bank has hired another six senior relationship managers (RMs) for its Thailand market, people familiar with the matter told Asian Private Banker.  In DBS Private Bank’s Singapore-managed Thailand market, Lucille Coulon, Steven Qin and Su Anne Chow are set to onboard at DBS Private Bank starting in April, the people said. Coulon will join as a team leader […]

The post DBS PB hires six more RMs for Thai market from Credit Suisse appeared first on Asian Private Banker.

BNP Paribas Wealth Management has hired another two senior relationship managers from Credit Suisse for its new Thailand onshore setup, Asian Private Banker can reveal. Supattanee (Yim) Chaiamnuay and Nattakarn (Koy) Udomsartporn will join the French bank at the start of February as directors, senior RMs, according to people familiar with the matter. They will report to Daniel Peter, CEO […]

The post BNP Paribas WM hires more senior Credit Suisse RMs for Thailand appeared first on Asian Private Banker.

The former Credit Suisse onshore Thailand head has resigned from UBS and is set to move to DBS Private Bank, Asian Private Banker has learnt. Edwin Tan resigned from UBS at the end of 2023, according to people familiar with the matter. He was the former market group head for the Philippines, Thailand & Vietnam, as well as head of […]

The post Credit Suisse Thailand market head set to join DBS Private Bank appeared first on Asian Private Banker.

Maybank Thailand, a long-established brokerage which has served ultra-high-net-worth (UHNW) and family office clients for many years, is now looking to expand its product shelf without changing its fundamental DNA. “We want to have a full range of products on our shelf at Maybank Thailand,” said Apinya Ongkunarak. Ongkunarak, who is head of UHNW and family office, investment management, at […]

The post Premium Pickers: Maybank Thailand looks to expand shelf without altering its DNA appeared first on Asian Private Banker.

With the wealth management segment in Thailand seeing steady growth in recent years, Fidelity International (Fidelity) has inked a deal with Thailand’s third-largest bank to offer wealth management products to the bank’s local UHNW clients. Krungthai Bank is a leading bank in Thailand with total assets of approximately US$106 million. Under the agreement, Fidelity will serve as a product and […]

The post Fidelity enhances Thai wealth distribution with local partnership appeared first on Asian Private Banker.

Global private banks are looking to muscle in on the onshore Thai market, with the entry in recent years of several global players. However, following the collapse of Credit Suisse, clients are now reconsidering homegrown banks in Thailand once again. It is in this environment that domestic Thai bank Kiatnakin Phatra Securities (Phatra) is looking to capture outflows from foreign […]

The post Thailand’s Phatra in full compete mode to capture outflows from foreign players appeared first on Asian Private Banker.

BNP Paribas Wealth Management (BNP Paribas WM) on Tuesday announced the launch of its Thailand onshore wealth management business, with a former Credit Suisse banker appointed as CEO. The bank said the decision demonstrates its commitment to growing BNP Paribas’ wealth management capabilities in Asia. The new wealth management business in Thailand will provide clients with access to international capital […]

The post BNP Paribas WM enters onshore Thailand with ex-Credit Suisse banker as CEO appeared first on Asian Private Banker.

Franklin Templeton has named a new head for the Thailand market, as it seeks to to expand its footprint in the country, according to the firm. Benjarong Techamuanvivit has joined the firm in the newly-created role of head of Thailand business. She will report to Christian Bucaro, head of retail for Asia, at the US$1.4 trillion asset manager. Prior to […]

The post Franklin Templeton appoints new Thailand market head appeared first on Asian Private Banker.

The shock merger of Credit Suisse and UBS has shaken the world of private banking, with questions being raised as to the future of overlapping business interests and competencies between the two banks. As the dust settles, another conundrum arises: what next for Credit Suisse’s onshore businesses? Asian Private Banker spoke to industry insiders to find out. All eyes on UBS […]

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A Credit Suisse heavyweight banker in Thailand will soon depart the bank, Asian Private Banker can reveal, marking the latest senior departure from the Swiss bank in recent months. Chris Prasertsintanah, also known as Pornchai Prasertsintanah, country manager for Thailand, resigned this week, people familiar with the matter said. Prasertsintanah joined Credit Suisse in 2001 and is also the head […]

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APB Insights debut Asia Markets AUM research shone a spotlight on the development of the private wealth industry in Taiwan, Thailand, Philippines, Indonesia and Malaysia in 2021. For those who missed the reports when they were published last week, you can read them via the links below. Taiwan 2021 Private Banking AUM Thailand 2021 Private Banking AUM Philippines 2021 Private […]

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Credit Suisse’s Thailand onshore wealth management head has taken up an additional role in two offshore markets, according to an internal memo seen by Asian Private Banker. Edwin Tan, the current market leader & wealth management head for Thailand onshore, will take on additional responsibilities to oversee the offshore Thailand and Vietnam coverage teams starting 1 October. In his expanded […]

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Asia knows few wealth management riddles more perplexing than Thailand. With its unstable politics, COVID-19-shattered tourism and export industries, supply chains in chaos and global interest rates rising, the nation might look less than hospitable to private bankers. But Narit Kosalathip at Kiatnakin Phatra Securities is not surprised to see the globe’s biggest banking powers angling for a slice of […]

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SCB Julius Baer, the Thailand joint venture between the Swiss pure-play and Siam Commercial Bank, has appointed a head of investment advisory, Asian Private Banker understands. People familiar with the matter said that Kean Tan had taken up the Bangkok-based role in May 2022. In the position, he will oversee SCB Julius Baer’s strategy for investment advisory and management across […]

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BNP Paribas Wealth Management (BNP Paribas WM) has appointed a veteran market head as its vice chairman for Southeast Asia, Asian Private Banker can reveal. Inge Kua, who is currently market head for Southeast Asia, will transition to the new role this week, people familiar with the matter said. She will concentrate on mentoring RMs and other front office staff, […]

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Global private banks are racing to tap Thailand’s burgeoning onshore wealth market, as Southeast Asia’s second-biggest economy churns out UHNWIs at an accelerating pace. Following steady economic growth in recent years driven by its thriving tourism sector and industrial base, Thailand counted 772 UHNWIs with assets in excess of US$50 million in 2020, according to Credit Suisse Global Wealth Report […]

The post HSBC GPB and SCB Julius Baer vie for supremacy in Thailand’s onshore wealth boom appeared first on Asian Private Banker.

Kiatnakin Phatra Securities (Phatra) believes it can hold its own in Thailand’s burgeoning onshore market as the private bank faces increasing competition from global rivals in the Southeast Asian country. Narit Kosalathip, head of wealth management at Phatra, told Asian Private Banker that the wealth management industry in Thailand has advanced significantly over the past decade and was now in […]

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Schroders Singapore (Schroders) and Thailand-based Robowealth have together launched a digital multi-asset portfolio for investors in Thailand. The solution — Schroders Growth & Income Solution — comprises the top performing Thai-domiciled funds, and aims to help Thai investors achieve regular returns over the long term, through a dynamic, diversified digital wealth solution. The launch builds on the strategic partnership between […]

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As its new discretionary mandate offering is gaining traction with Thai onshore clients, Credit Suisse has hired two senior relationship managers for the Southeast Asian country. The Swiss bank officially launched its discretionary portfolio management (DPM) platform in October on the back of a newly obtained private fund licence. In the last few weeks, there have been several new mandate […]

The post Credit Suisse forays into onshore Thailand with DPM offering, bolsters Thai franchise with two hires appeared first on Asian Private Banker.

Wealthy clients of Bangkok Bank will be able to receive services and offerings from Pictet under a strategic partnership formed by the two groups. Under the alliance announced on Thursday, Pictet will offer global wealth and investment management expertise and knowledge to complement Bangkok Bank’s wealth management solutions in Thailand. The partnership will strengthen offerings and services for Bangkok Bank’s […]

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Independent asset manager Sino Suisse has hired a Credit Suisse veteran of Thailand and Vietnam coverage, Asian Private Banker can reveal. Alex Nicholas Lee recently came to the Singapore-based IAM after eight years at the Swiss private bank. The Monetary Authority of Singapore registry shows his licence at Credit Suisse expired in September 2021. Sino Suisse has confirmed Lee’s hire […]

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Credit Suisse has hired a slew of senior bankers for the Philippines and Thailand markets, while a senior client partner at the Malaysia desk has exited the bank, Asian Private Banker has learned. According to an internal note seen by Asian Private Banker, Frances Lee was appointed senior relationship manager and executive director for the Philippines market in October, based in […]

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The Singapore Exchange and Stock Exchange of Thailand have rolled out a linkage that allows depositary receipts representing securities listed on one market to be issued for trading on the other, in a move that is set to increase cross-border investment opportunities. The linkage, which was jointly announced on Wednesday by the Monetary Authority of Singapore (MAS) and the Securities and […]

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A Thailand team head, an Indonesia team head and an Indonesia private banker have resigned from their roles at BNP Paribas Wealth Management in Singapore, Asian Private Banker can reveal. According to people familiar with the matter, Serene Tan, most recently executive director, team head Thailand based in Singapore, has resigned from her role. Lisa Teo, managing director, team head […]

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The Hong Kong Securities and Futures Commission (SFC) and Thailand’s Securities and Exchange Commission (SEC) have announced the launch of their Mutual Recognition of Funds (MRF) scheme. The MRF scheme entered into effect on Wednesday, and comes five months after the two regulators signed a Memorandum of Understanding (MoU) to allow eligible Hong Kong and Thai public funds to be […]

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J.P. Morgan Asset Management (JPMAM) has partnered with Kasikorn Asset Management (KAsset) in the launch of a sustainable liquid alternatives fund for professional investors in Thailand. An industry-first according to J.P. Morgan, the fund — K-Sustain-UI — invests in the J.P. Morgan Multi-Manager Sustainable Long-Short Fund through a feeder structure and will be distributed by Kasikorn Private Banking (KPB) initially. […]

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Franklin Templeton is teaming up with FINNOMENA, a Thailand-based digital WM platform for individual investors and financial advisors. The partnership will focus on providing broader segments of clients onshore with access to investment insights from Franklin Templeton Academy (FTA) — an education programme with a global investment curriculum — and on bringing investment solutions from FINNOMENA’s digital platform. FINNOMENA expects […]

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HSBC Private Banking on Monday said it will launch its onshore private banking business in Thailand, as it seeks to tap into the rising wealth in emerging markets and expand its presence in Southeast Asia. The new private bank will be HSBC’s second onshore business in Southeast Asia, after Singapore, and provide clients access to international capital markets, according to […]

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The Hong Kong Securities and Futures Commission (SFC) and Thailand’s Securities and Exchange Commission (SEC) have entered an Mutual Recognition of Funds (MRF) agreement. The SFC signed a Memorandum of Understanding (MoU) with SEC on Wednesday. Both regulators will endeavour to expedite the approval process of a local feeder fund investing in an MRF-eligible Thai or Hong Kong master fund […]

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Although satellite megatrend strategies have become more prevalent, with new mandates launched at an unprecedented speed, core unconstrained asset allocation mandates have remained the top choice this year for onshore Thailand investors, who have demonstrated an increased level of maturity. “A lot of clients have been investing in our flagship solution — a multi-asset asset allocation programme which holds positions […]

The post Unconstrained asset allocation mandates gaining among Thai clients: SCB JB’s Joseph Caceres appeared first on Asian Private Banker.

Lufax Holding subsidiary Lu International and Kasikornbank have announced the joint launch of FinVest, an online wealth management platform that offers retail Thai investors easy access to a wide spectrum of investment funds. The launch of FinVest is the fruit of the partnership between the Chinese fintech subsidiary and the Thai bank announced in August. The platform will be jointly […]

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Credit Suisse today announced an addition to its investment consultant team for the Thailand market. Gary Ng rejoined the Swiss bank from SCB Julius Baer as investment consultant, covering the Thailand market. In the new role, he will support the expansion and development of Credit Suisse’s Thailand business and report to Tammy Tan, head of investment consulting Thailand Market. Ng […]

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SCB Julius Baer is seeing robust and increasing demand from its Thai clientele for discretionary mandates — a flagship offering of the JV between Siam Commercial Bank and the Swiss wealth management major. “Currently, one in three clients has exposure to DPM solutions and many have topped up their investment after satisfactory performance achievements over the last nine months,” Christian […]

The post SCB Julius Baer sees strong DPM uptake, sets sights on 10% market share appeared first on Asian Private Banker.

Four years on from its initial push into Thailand’s onshore wealth management space, Credit Suisse is now ready to enter “phase two” of its strategic plan for the high-priority market. The bank will make a number of ‘significant enhancements’ to its platform in the coming months, according to Marcus Slöör, Credit Suisse’s market group head for Thailand and Vietnam, private […]

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Credit Suisse has said it will accelerate growth in its three wealth management divisions, including APAC. It aims to “broaden and deepen” its coverage of ultra and entrepreneurial clients by hiring new relationship managers, grow its “wealth-linked strategic solutions” — including enhanced financing capabilities and distribution — and deepen its onshore franchises. The announcement was made as part of the […]

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