Thailand Lures The Ultra Wealthy

The «Land of Smiles», as it’s often referred to because of the friendly disposition of its citizens, has become one of the most sought-after destinations in Southeast Asia.

An increasing number of wealthy families are moving to Thailand because of its temperate climate, spectacular landscape and growing leisure facilities.

To maximise that potential and harness the commercial opportunity of the country’s assets, the Thai government has just launched a new visa investment program.

Flavour of the Moment 

Global wealth managers have also been beating a path to Thailand. Credit Suisse and Lombard Odier have both been active in the largely underserved wealth management segment of the market.

Credit Suisse has gone down the path of establishing its own Bangkok based business unit while the much smaller Lombard Odier went down the alliance route with local banking group…