Siam Commercial Bank (SCB) is expanding access to international wealth products for Thai investors, with a goal of growing assets under management (AUM) in foreign currencies to 180 billion baht by 2026. The move aligns with expectations that Thailand’s total wealth will reach approximately US$1 trillion in the coming years.
Operating under its SCB Wealth division, the bank collaborates with SCB X subsidiaries and global partners to drive expansion. According to Chief Executive Kris Chantanotoke, SCB provides Thai investors with a diverse selection of global asset classes, helping them access international markets.
SCB Wealth caters to three market segments: SCB Private, SCB First, and SCB Prime. In addition to traditional wealth clients, SCB aims to attract mass affluent investors seeking diversified portfolio investments. Clients can manage their investments through relationship managers or digital platforms, with the bank planning to double the proportion of active wealth clients using digital services to 30% by 2026.
The bank also introduced a “No Gain, No Pay” investment model for select products, ensuring that if clients fail to achieve their targeted returns, SCB waives investment fees.
SCB’s wealth management business is supported by SCB Asset Management, Innovest X, SCB Economic Intelligence Center, SCB Julius Baer, and its newest partner, BlackRock. The bank aims to double AUM under its customer-centric investment strategy, increasing it from 70 billion baht to 180 billion baht over the next two years.
