SCB PRIVATE BANKING continues to develop investment products, solutions, and services offering boundless opportunities for Thailand's high net worth segment. The business unit focuses on being a Trusted Thought Partner by introducing personalized asset allocation that combines the strength of its team of financial advisory experts with product innovations developed to truly fulfil the needs of the Bank's customers. Such efforts have propelled SCB PRIVATE BANKING to winning nine best private banking awards from world-renowned publications. They reflect not only service excellence, but also expertise in financial and investment advisory to grow wealth for private banking clients, playing an important part in driving the private banking business, one of the Bank's core strategic businesses that will generate sustainable growth amid changing trends in the digital era.
Dr. Metinee Jongsaliswang, First Executive Vice President & Head of SCB PRIVATE BANKING, revealed that, "The private banking business is one of the core strategic businesses driving sustainable growth for Siam Commercial Bank. The business unit embraces a full range of financial advisory services and comprehensive HNWI wealth management, both onshore and offshore, through innovative investment products and solutions personalized to suit any investment need and approach. In addition, products offered on our Open Architecture platform also provide a wide variety of local and global investment products. The platform allows the most access to products offered by 19 asset management companies in Thailand and offshore investment in as many as 23 major stock exchanges around the world. We also have options for investment in private assets and private equity funds in the Discretionary Portfolio Management category, capable of generating attractive returns higher than those of the market. This includes products and solutions for building business and personal wealth from leveraging assets, such as SCB Property Backed Loans."
"In addition, SCB PRIVATE BANKING combines the synergy of a pool of talents from the SCB Financial Business Group, well known for their extensive investment knowledge, capability, expertise, and experience. These strong private banking capabilities have played a part in driving SCB PRIVATE BANKING to garnering nine prestigious awards from leading financial publications and institutions, regarded as a matter of great pride, particularly the Best Private Bank in Thailand award for five consecutive years (2016 - 2020) from Global Finance magazine and the Outstanding Private Banker in Southeast Asia award (2020) from Private Banker International magazine. These accolades reflect SCB's excellence in the private banking business and true commitment to creating a new standard winning the hearts of private banking clients at the international level."
The nine global financial and banking awards won by SCB PRIVATE BANKING are as follows:
- Best Private Bank in Thailand Award from Global Finance, a leading US financial and business magazine
- Outstanding Private Bank-Southeast Asia Award from Private Banker International magazine
- Best Investment Research in Thailand Award from Asiamoney, a leading financial magazine in the region
- Six awards from the Private Banking and Wealth Management Survey 2021 organized by Euromoney, comprising:
- Best Private Banking Service Overall Award
- Mega High New Worth Clients Award
- ESG/Impact Investing Award
- Investment Management Award
- Philanthropic Advice Award
- Technology - Innovative or Emerging Technology Adoption Award