Awards for Distinction 2022 – Best Domestic Private Bank – CIO Office

Best Domestic Private Bank CIO Office

 

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Siam Commercial Bank

Best Domestic Private Bank – CIO Office

Sornchai Suneta

executive vice-president & head of the Investment Office and Product Function and Chief Investment Office
Siam Commercial Bank Public Company Limited

We are delighted to win three Awards for Distinction from Asian Private Banker for 2022: Best Domestic Private Bank – CIO Office; Best Domestic Private Bank – Discretionary Portfolio Management; and Best Domestic Private Bank – Digital Innovation and Services. The recognition reflects the calibre and dedication of our team members who provided clients with the very best services in a year that was marked by unexpected events, market volatility and uncertainty. We are determined to sustain our best efforts towards serving clients.

What was behind the judges’ decision?

  • SCB’s CIO office works closely with in-house experts and third-party providers to bring clients appropriate investment solutions. One example of this that impressed the judging panel was the bank’s Alpha Fund mandate. This concentrated portfolio of seven-to-15 stocks offers a high potential of risk-adjusted returns over the long term. The solution, which is guided by the CIO office, has provided significant outperformance over time
  • Across both strategic and tactical asset allocation, SCB’s CIO office has provided its clients with meaningful alpha across both short- and long-term investment horizons
  • Emphasising ESG and sustainability, the bank’s CIO office integrates considerations such as climate change impact, inequality, and environmental footprint reduction in its asset allocation and products. SCB has around 80 ESG focused funds on its shelf

What we said

SCB has placed the CIO office at the heart of everything it does when advising clients on investments. From the formulation of investment strategies, to product origination and sourcing, the CIO function is integral to the Thai bank’s proposition to clients — and ensures SCB is leading where its peers are following in Thailand’s fiercely competitive onshore market, said Carly Lau, reporter, Asian Private Banker, and member of Awards for Distinction judging panel.

For all these reasons and more, Asian Private Banker is proud to hand SCB its inaugural prize for Best Domestic Private Bank – CIO Office at the 12th Awards for Distinction.

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