Paris-based BNP Paribas has announced ambitious expansion plans for its wealth management business in Thailand.
BNP Paribas Wealth Management has officially launched an onshore presence in Thailand through its local subsidiary BNP Paribas Securities (Thailand) Limited, according to a statement. The French private bank plans to triple the number of relationship managers serving clients in Thailand and their assets over the next three years.
«Thailand, as the second-largest economy in Southeast Asia, is a country filled with dynamic entrepreneurs. Its strategic regional importance has driven significant growth, leading to accelerated wealth creation,» said BNP Paribas Wealth Management Asia CEO Arnaud Tellier.
Operating Model
BNP Paribas Securities Thailand operates based on a model that combines onshore client engagement with offshore account management. This includes access to its Singapore platform with a range of solutions such as traditional asset management, wealth planning, advisory services, brokerage services and investment opportunities across equities, fixed income, hedge funds, and structured products.
«Capturing the significant opportunities presented by Asia’s rapidly growing wealth is a core strategic priority for our wealth management business,» said BNP Paribas Wealth Management CEO Vincent Lecomte. «With our ‘One Bank' approach, robust financial standing, diversified operations, and comprehensive offerings, we are uniquely positioned to provide our clients in Asia with the full spectrum of solutions and services.»
