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Siam Commercial Bank and Julius Baer to enter into strategic wealth management joint venture

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image source: http://www.scb.co.th

Siam Commercial Bank and Julius Baer,
the leading global private banking group based in Switzerland announced today
their agreement to establish a joint venture
to offer unique and best-in-class wealth
management services to clients in Thailand

Siam Commercial Bank (SCB) and Julius Baer and signed an agreement today that intends to establish a strategic joint venture focusing on creating a new platform that’s bridging on-shore & off-shore investment opportunities for sophisticated clients. The joint venture will provide a uniquely integrated, holistic, global wealth management advisory offering tailored to the needs of its clients.

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

The joint venture clearly demonstrates SCB’s commitment under the new “Going Upside Down” strategy where a new service platform is developed and introduced. This joint venture will lift Thailand’s private banking industry to another level. It will bring new opportunities for our high net worth clients who will then have easy access to relevant advices from Julius Baer and maximize their international investment opportunities. The cooperation between SCB and Julius Baer will also complement each other’s business in the global context, enabling both parties to reap the benefits from the globalization

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