LGT Private Banking, an international private bank owned by the House of Liechtenstein, plans to continue growing business in Thailand over the longer term as it foresees greater opportunities here.
LGT chairman Prince Max von und zu Liechtenstein said based on Bank of Thailand and Securities and Exchange Commission (SEC) regulations, the bank requires minimum assets under management (AUM) of 50 million baht for high net worth clients.
However, for the Thai market he said the minimum AUM of LGT customers is 100 million baht.
LGT selected Thailand as its third regional market in part because of Bank of Thailand and SEC support…
