Credit Suisse bolsters its Thailand private banking business with the addition of a former SCB Julius Baer executive, finews.asia has learned.
Gary Ng joins the bank as an investment consultant covering the Thailand market, according to a memo seen by finews.asia, reporting to Tammy Tan, head of investment consulting for the same market.
Ng was most recently with SCB Julius Baer – a joint venture between Julius Bear and Thailand’s Siam Commercial Bank – where he spent nearly two years building out its Singapore-based offshore business. Previously, he had already worked for Credit Suisse as an investment consultant for seven years and before that a relationship manager for the Thai market.
«[Ng’s] hire underpins our strategic commitment to further develop the Thailand business and deliver quality advisory services to our Thai Clients,» said Edwin Tan, Thailand head of wealth management, advisory and sales at Credit Suisse’s private banking arm.
Thailand Drive
Ng’s hire follows the promotion of Tan in July, as reported by finews.asia, from his existing role as head of advisory and sales to lead the overall wealth management business for the Thailand market where Credit Suisse is the first international wealth manager to establish a presence in 2016.
While some may be increasingly adding exposure to their Greater China business to tap into opportunities such as the opening of mainland markets or the prospects of Greater Bay Area opportunities, Credit Suisse continues to maintain that it can be «very committed yet at the same time very balanced in our approach».
«We will continue to focus on building up the infrastructure and positioning across platforms not only in China and Hong Kong but also across the region,» said APAC chief executive Helman Sitohang in late July when the bank posted record-high second-quarter profits in the region.
