• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • Banking

Julius Baer forms joint venture with Siam Commercial Bank

Julius Baer forms joint venture with Siam Commercial Bank
  • Christopher Copper-Ind
  • 08 March 2018
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

Swiss private banking group Julius Baer and Siam Commercial Bank has established strategic joint venture focusing on bringing the most relevant and impactful advice and solutions to the growing Thai private banking market and its increasingly sophisticated clients.

The joint venture will seamlessly combine SCB’s strong brand credibility and wealth management expertise with Julius Baer’s full suite of international wealth management capabilities and advisory services. The cooperation will immediately complement SCB’s existing private banking capabilities whilst opening access for Julius Baer to the fast-growing Thai wealth management market.

Related articles

  • Julius Baer forms joint venture with Siam Commercial Bank
  • Julius Baer & SCB venture obtains licence to tap Thai wealth
  • Julius Baer & SCB venture obtains licence to tap Thai wealth
  • Julius Baer enters joint venture in Thailand for HNWIs

It will operate via domestic and international companies in Thailand and Singapore, respectively, and will provide a unique and holistic global wealth management proposition tailored to the needs of its Thai client base. At inception, Julius Baer will hold 40% in the joint venture, with the option to increase to 49% over time.

The joint venture is expected to significantly expand the combined growth prospects for both firms via this pioneering joint venture.

“We are pleased about this pioneering joint venture with SCB as Thailand’s preeminent and prestigious full service bank. It further strengthens our long-standing commitment to Asia as our second home market by expanding our access to HNWI clients in the fast-growing Thai market,” said Bernhard Hodler, chief executive officer of Julius Baer Group Ltd.

“This partnership is our first international move under the new ‘Going Upside Down’ strategy where a new banking platform is developed and introduced. With a long-term strategic partnership structure with SCB, Julius Baer is committed to dedicating their resources to Thai clients, allowing us to deploy their full international wealth management capabilities into Thai market like never before,” said Arthid Nanthawithaya, president and chief executive officer, Siam Commercial Bank.

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Banking
  • Asia
  • Europe

More on Banking

Credit Suisse opens Riyadh branch following Saudi license

  • Banking
  • 11 January 2021
Hong Kong residents eye offshore bank accounts

  • Banking
  • 21 December 2020
HSBC Singapore launches open banking service FinConnect

  • Banking
  • 07 December 2020
More UK banks confirm Brexit account closures

  • Brexit
  • 04 December 2020
HSBC increases stake in Saudi British Bank

  • M&As
  • 02 December 2020
Back to Top

Most read

FCA issues warning on cyrptocurrencies as Bitcoin volatility continues
FCA issues warning on cyrptocurrencies as Bitcoin volatility continues
DeVere launches equity fund with Columbia Threadneedle Investments
DeVere launches equity fund with Columbia Threadneedle Investments
SharingAlpha's 2020 top rated funds by category revealed
SharingAlpha's 2020 top rated funds by category revealed
Guardian WM is reborn as Skybound WM
Guardian WM is reborn as Skybound WM
HNWIs in SE Asia cite lack of financial knowledge as greatest concern: report
HNWIs in SE Asia cite lack of financial knowledge as greatest concern: report
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading