Thailand Wealth Management Forum 2019 - Exclusive Insights - Evrard Bordier

Evrard Bordier of Bordier & Cie

May 13, 2019

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1. Offshore / onshore. Where is the long-term opportunity?

Video transcript

1. Offshore / onshore. Where is the long-term opportunity?

The opportunities for us onshore, whilst we are ourselves an offshore entity, so we'll continue to grow offshore as it is, but the created wealth today is done onshore and a proportion of it is placed offshore. For local institutions, they have to think about whether they want to enter private banking as a business. And if they do want to enter, if they want to do it alone or with a partner, and if they do choose to go the partnership route, whether they want to do it with a small partner or a large partner. The answers are quite simple, we believe that banking has an enormous potential. We think that doing it alone is stupid, and you should do it as a partnership model and you should use a small partner that is nimble, instead of a very large one, because it's more differentiating and it's no competition for you in your local market.

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