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%.
The bank wants to increase the customer base by 12% annually for 3-5 years, utilising SCB Julius Baer, a joint venture private banking business with the Swiss-based wealth management service provider, to grow the number of clients,…
