Thailand

SCB Julius Baer appoints new CEO

SCB Julius Baer, the strategic wealth management joint venture between Siam Commercial Bank and Julius Baer, has announced the appointment of Lalitphat Toranavikrai as CEO.

Toranavikrai will be responsible for leading and growing the Thailand business. Prior to her new role, she was the Head of the Private Banking and FIRST Division at Siam Commercial Bank (SCB) and has been with SCB for 12 years.

Since joining SCB in 2008, Toranavikrai has held various senior management roles covering the wealth management business. Prior to that, she was a senior banker at RBS Coutts in Singapore, and Deputy Head of Corporate and Investment Banking at BNP Paribas Thailand.

Arthid Nanthawithaya, CEO & Chairman of the Executive Committee, Siam Commercial Bank, and Chairman of Board of Directors, SCB-Julius Baer Securities, said “We are very pleased to announce the appointment of Lalitphat as she has successfully led our local private banking business at SCB in the past years. She is deeply familiar with the evolving needs of the sophisticated Thailand-based clients. She brings with her very strong domestic knowledge and extensive experience which will be vital as we continue our ambitious plans to grow and develop the Thai wealth management business for the joint venture.”

Jimmy Lee, Head Asia Pacific and member of the Executive Board, Julius Baer, said “Our joint venture with SCB is a significant milestone for Julius Baer and a sign of commitment to our growth in Thailand. The joint venture brought to fruition the commitment of two solid, long-standing institutions who share a common vision of presenting a holistic wealth management proposition to high net worth clients in Thailand. We are very pleased with the appointment as Laliphat will be the ideal person for this important role given her expertise and comprehensive industry knowledge.”

SCB Julius Baer is a strategic and pioneering joint venture established by The Siam Commercial Bank (SCB) and Julius Baer to bring the best of global wealth management to Thailand. The joint venture delivers the most relevant and impactful advice and solutions to the growing high net worth and ultra-HNW clientele in Thailand. It combines SCB’s strong reputation and domestic expertise with Julius Baer’s full offering of international wealth management capabilities for Thai clients in Asia.