Published by Hubbis– 24th Nov 2017
Wealth management firms in Thailand are aggressively hiring local wealth managers as the country mints millionaires.
According to an article in Bloomberg, surging stock markets and steady growth are helping to boost Thai wealth – and creating a demand for local wealth managers.
The article suggested that private bank are also attracted to the country as the government is making it easier for rich Thais’ to invest overseas, which plays to their strength in international markets.
According to its sources, United Overseas Bank Ltd plans to boost the number of its Bangkok-based wealth bankers to 250 from 130 currently over the next five years – and CIMB recently raised its client threshold for private-banking services to 30 million baht from 10 million baht previously. Both reflect the growth of the local wealth market and the positive outlook of companies serving the region.
