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SCB Julius Baer, the strategic wealth management joint venture between Siam Commercial Bank and Julius Baer, has appointed Lalitphat Toranavikrai as new CEO effective immediately.
Thailand/Hong Kong/Singapore, 8 January 2020 – SCB-Julius Baer Securities Co.,Ltd. (SCB Julius Baer), the strategic wealth management joint venture between Siam Commercial Bank (SCB) and Julius Baer, announced today the appointment of Lalitphat Toranavikrai as new Chief Executive Officer to lead and grow the Thailand business. Lalitphat Toranavikrai is currently Head of the Private Banking and FIRST Division at SCB. She has been with SCB for 12 years.
Since joining SCB in 2008, Lalitphat Toranavikrai has held various senior management roles covering the wealth management business. Prior to that, she was a senior banker at RBS Coutts in Singapore and Deputy Head of Corporate and Investment Banking at BNP Paribas Thailand.
SCB Julius Baer delivers relevant and impactful advice and solutions to the growing high net worth and ultra high net worth clientele in Thailand. It combines SCB’s strong reputation and deep domestic knowledge with Julius Baer’s 130 years of pure wealth management expertise and full offering of international wealth management capabilities for Thai clients in Asia.
“We are very pleased to announce the appointment of Lalitphat as she has successfully led our local private banking business at SCB in the past years. She is deeply familiar with the evolving needs of the sophisticated Thailand-based clients. She brings with her very strong domestic knowledge and extensive experience which will be vital as we continue our ambitious plans to grow and develop the Thai wealth management business for the joint venture,” said Arthid Nanthawithaya, Chief Executive Officer and Chairman of the Executive Committee, Siam Commercial Bank, and Chairman of the Board of Directors, SCB-Julius Baer Securities Co.,Ltd.
“Our joint venture with SCB is a significant milestone for Julius Baer and a sign of commitment to our growth in Thailand. The joint venture brought to fruition the commitment of two solid, long-standing institutions who share a common vision of presenting a holistic wealth management proposition to high net worth clients in Thailand. We are very pleased with the appointment as Lalitphat will be the ideal person for this important role given her expertise and comprehensive industry knowledge,” said Jimmy Lee, Head Asia Pacific and member of the Executive Board, Julius Baer.