Awards for Distinction 2023 – Best International Private Bank – Thailand

Best International Private Bank Thailand


SCB Julius Baer

Best International Private Bank – Thailand

Lalitphat Toranavikrai

SCB Julius Baer

Julius Baer’s recognition as Best International Private Bank – Thailand is a result of our team’s expertise and ability to understand and cater to the unique financial needs of our clients in Thailand.

The award reflects a steadfast dedication to providing tailored international services by blending our global experience with local insights. It also reaffirms our position as a leading private bank driven by a passion for innovation and client success.

We are honoured to receive this accolade and remain inspired to continue exceeding expectations as we seek to diversify our clients’ portfolios and deliver world-class financial solutions.

What was behind the judges’ decision?

  • SCB Julius Baer’s business growth has surpassed the achievements of 2022, with its UHNW segment demonstrating consistent growth in Thailand and wealth planning revenues reaching new highs. The group is also expanding its secondgeneration community with the launch of The 45 Academia, designed for the leaders of tomorrow. This programme, with a strong focus on ESG, has attracted more female participants
  • SCB Julius Baer achieved the highest international discretionary portfolio management penetration in Thailand. The wealth manager is seeing more Thai AUM classified as sustainable investments, which is still a nascent investing approach in the country. Additionally, the team launched its third Foreign Investment Fund backed by Julius Baer Fund Management
  • Amid unchanged leadership since 2019, the team plans to hire more relationship managers, investment advisors, and ThaiSEC licensed fund managers in Thailand this year. The bank has also designed a development programme to train SCB bankers with a detailed career roadmap into international wealth management

What we said

“SCB Julius Baer’s progression in Thailand since 2019 has been noteworthy, not to mention characterised by consistent business growth and the development of tailored services and solutions for the wealthy in this emerging and widely observed market,” said Audrey Raj, senior consultant and South Asia editor of Asian Private Banker.

“Today, a significant percentage of the clients are new to international private banking, which is a testament to how the SCB Julius Baer partnership educates clients about its services, including discretionary portfolio management and ESG. This is reflected in the substantial assets, new clients, and revenue growth momentum seen in 2023 – surpassing even the achievements of 2022.

“People are at the heart of all businesses, and in that regard, SCB Julius Baer is excelling by educating relationship managers about wealth management and cultivating local talent. All of this was taken into consideration when recognising SCB Julius Baer with the Best International Private Bank – Thailand award once again. A huge congratulations to the team!”

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