Thailand wealth management sector grows as HNWIs hit 30,000

Thailand's wealth market is estimated to reach $400bn this year and with a rising HNW population in excess of 30,000 rich Thai clients have become the target of a new digital push. SCB Julius Baer predicts that Thai high-net-worth individual wealth will grow at a five-year CAGR of 9.9% to to $401.2bn by 2020. "We see vast potential for the market as compared to more mature markets in the region, as Thai HNWIs grow more sophisticated and regulations and policies are liberalised," said Jiralawan Tangitvet, chief executive officer at SCB Julius Baer. After the first wave of internatio...