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 May 18 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.