![]() ![]() The bank is confident that SCB Julius Baer will be able to deliver sustainable growth and returns for customers, and thus becoming a trusted partner in their financial planning journey. These efforts will help the bank extend its wealth management services to provide customers with a comprehensive range of financial planning solutions. Over the next three years, SCB aims to expand its customer base to include more than 1.3 million digital investors, with SCB Julius Baer playing a pivotal role in driving growth for ultra-high net worth individuals and high net worth individuals. The bank has achieved this growth by offering a diverse range of financial investment products on an open architecture platform, as well as expanding its digital investor base through the development of a comprehensive wealth platform. This represents over 40% of the market share, and the bank has plans to steadily increase its customer base by over 12% annually, particularly among young affluent groups who are seeking to grow their investments. Kris Chantanotoke revealed that, “At present, SCB WEALTH has over 400,000 wealthy clients, which includes high net worth individuals with net assets under management (AUM) of two million baht or more. Siam Commercial Bank Chief Executive Officer Mr. By providing tailored, adaptive service that keeps pace with our clients' changing needs, we are poised for significant growth and sustained success in the wealth management sector.” Moreover, our dedication to responsible investing is exemplified by the integration of ESG criteria into the vast majority of our investment offerings. Julius Baer's position as a market leader in wealth management enables us to address the growing demand for sophisticated wealth planning solutions, as families increasingly turn to professionally structured strategies for their financial future. ![]() ![]() Julius Baer's pure-play business model and world-class wealth management expertise, combined with Siam Commercial Bank's deep local insights and expansive network, empower us to deliver targeted, high-impact, and cutting-edge advice to the local market. As the investment landscape in Thailand evolves, the strategic alliance between market leader Julius Baer and Siam Commercial Bank offers an unparalleled wealth management experience for our clients. We believe that there is significant potential for growth in the private banking sector in Thailand. Thailand is a key country in our focus to broaden the scope of our services. Philipp Rickenbacher, Chief Executive Officer of Julius Baer Group Ltd., said, “Julius Baer is dedicated to advancing the top-tier wealth management market in Asia, where we consider the region our second home. Within three years, SCB Julius Baer also aims to become the preeminent leader in the International Private Banking industry, offering holistic, integrated wealth management services to UHNWIs and HNWIs in Thailand. Moreover, the company is launching an initiative called "The 45 Academia," which aims to prepare the Next Generation of Business Successors to become the "Leaders of Tomorrow." This program will empower clients to pass down their wealth through the generations in a sustainable manner. The firm aims to provide its high-net-worth clients with an enhanced experience, enabling them to invest globally without restrictions. Through this strategy, SCB Julius Baer seeks to provide impactful and relevant wealth management services that cater to the needs of its well-heeled clients, through the personalized touch of its relationship managers. This strategy combines onshore and offshore expertise with an Open Product Platform, offering a wide variety of products & solutions, making it the first and only wealth-management firm in Thailand to do so. (SCB Julius Baer), a joint venture between Siam Commercial Bank of Thailand and Switzerland's Julius Baer, is embarking on an ambitious wealth management strategy called "The New Wave of Wealth" in 2023. ![]()
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