Julius Baer enters joint venture in Thailand for HNWIs

Julius Baer, the Swiss private bank, has announced a joint venture with Bangkok-based Siam Commercial Bank targeting UHNW clients in Thailand. The new partnership, known as SCB Julius Baer Securities, described the venture as "a new operating rythm" for HNW wealth management in Asia. SCB Julius Baer Securities will assign a single relationship manager to each client in Thailand. Lalitphat Toranavikrai, SCB Julius Baer's chief executive officer, said, "Aiming to lay a foundation of inves...