SCB WEALTH has announced a partnership with asset manager BlackRock to enhance its wealth management offerings in Thailand.
The collaboration is set to provide Thai investors with access to global investment opportunities and aims to achieve a target of THB180bn ($5.3bn) in global investment assets by 2026.
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The alliance will guide clients through the complexities of international investments, offering in-depth analysis and insights to maximise returns in a rapidly evolving economic environment.
It will focus on developing suitable investment strategies for long-term gains and creating exclusive investment products for SCB WEALTH clients.
SCB CEO Kris Chantanotoke said: “SCB WEALTH is one of the Bank’s core business functions. SCB WEALTH aims to become Thailand’s top wealth management business by 2026, offering world-class services across the board.
“A key factor in achieving this goal is partnering with globally renowned experts who share a common vision.
“This collaboration ensures the best offerings for Thai clients and investors, helping them build a strong financial future with sufficient assets for retirement.”
In addition to investment strategies, the partnership is expected to contribute to the professional development of SCB WEALTH’s relationship managers.
BlackRock will work with SCB Wealth Academy to develop training programmes that align with international standards, enhancing the investment advisory services provided to clients.
The partnership also includes co-branded marketing initiatives and knowledge sessions for investors across Thailand, aiming to create a comprehensive wealth management experience.
Earlier this month, BlackRock acquired Preqin, an independent private markets data provider, to enhance its integrated investment, technology, and data solutions across public and private markets.
