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Bangkok Post
Bangkok Post
Business

SCB aims to use joint venture for growth

SCB Siam Commercial Bank Julius Baer
From left are Mr Rickenbacher, Lalitphat Toranavikrai, chief executive of SCB-Julius Baer Securities Co and Mr Kris, who is aiming to grow its wealth clients.

Siam Commercial Bank (SCB) plans to expand its wealth management customer base by 12% per year for the next 3-5 years, hoping to raise its fee-based income.

The bank has 400,000 wealthy clients, which includes high net worth individuals with minimum assets under management (AUM) of 2 million baht, which represents a market share of around 40%.

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