Julius Baer and Siam Commercial Bank joint venture gets nod to set up wealth unit

It will start with over 50 dedicated professionals.

Thailand's Siam Commercial Bank and Swiss wealth manager Julius Baer have announced that their joint venture, SCB Julius Baer, has received the necessary regulatory approval and licenses to operate in Thailand, according to media reports.

Also read: Singapore's wealth management business dominates Asian competition 

Starting with over 50 dedicated professionals, SCB Julius Baer aims to capture the opportunities arising from managing the financial needs of Thailand's affluent client base.

Jiralawan Tangitvet has been named as CEO to  SCB Julius Baer.