Credit Suisse has set up a wealth management team in Thailand so as to tap into the increased demand from wealthy individuals and as part of its expansion plan into Asia. The bank said it would also open an office in Hong Kong by the end of this year with plans for more offices across Asia over time. Indeed, according to a 2015 Asia Pacific wealth report, there are about 91,000 high-net-worth individuals in Thailand with over $1m in investable assets.
Credit Suisse has set up a wealth management team in Thailand so as to tap into the increased demand from wealthy individuals and as part of its expansion plan into Asia. The bank said in a statement that Thailand has a sizeable high bet worth wealth pool compared to other regional economies, such as South Korea. Indeed, according to a 2015 Asia Pacific wealth report, there are about 91,000 high-net-worth individuals in Thailand with over $1m in investable assets.