Pictet is a partner to Bangkok Bank on several ongoing initiatives. Credit: masatsu / Flickr.

Geneva-based Pictet Group has signed a wealth management alliance with Bangkok Bank to provide wealth management services for the bank’s wealth clients in Thailand.

The alliance will see Bangkok Bank tapping Pictet’s global wealth and investment management capabilities as well as its know-how to enhance its wealth offerings in the country.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

It will enable the bank’s clients to benefit from access to broader international investment capabilities across asset classes, as well as wealth management services and solutions.

Bangkok Bank president Chartsiri Sophonpanich said: “The products and services Bangkok Bank will develop with Pictet Group through this alliance will help us create more value for our wealth clients, complement their existing portfolio management and investment strategies with more sophisticated solutions, and help preserve their wealth for generations to come.”

Pictet is a partner to Bangkok Bank on several ongoing initiatives.

It acts as an investment advisor for Bangkok Capital Asset Management Company’s two funds, namely BCAP Global Multi Asset Fund and BCAP Global Multi Asset Plus Fund.

BBL Asset Management Company, another subsidiary of the bank, launched the Bualuang Sustainable Investing Portfolio (B-SIP) fund which invests in sustainability funds managed by Pictet Asset Management.

Pictet equity partner and Pictet Wealth Management Asia chairman Claude Haberer is set to join Bangkok Bank in January 2022, following his retirement from Pictet.

Haberer is joining the bank as an adviser to the president.

Sophonpanich added: “We look forward to welcoming Mr. Claude Haberer and the deep wealth investment experience he will bring to Bangkok Bank and building on the common values which Bangkok Bank and Pictet Group share, especially our commitment to working closely with clients to earn their trust and confidence and building long-term relationships.”

Commenting on the development, Pictet senior managing partner Renaud de Planta said: “We plan to bring to Bangkok Bank and its clients our investment leadership, rooted in our independence as a group, as well as our own experience in succession and transmission of ownership over two centuries, with a focus on continuity, stability and sustainability.”

Last year, Pictet Asset Management, the asset management arm of Pictet Group, set up a unit in Shanghai in a bid to tap the evolving fund market in China.