Business – Schroders Utilizes Joint Venture Model to Grow Wealth Management Business in Thailand

Article Summary: Schroders has partnered with ttb wealth securities, a subsidiary of TMBThanachart Bank, to establish a wealth and investment management offering for high net worth and ultra-HNW clients in Thailand. The collaboration involves creating a joint 'investment forum' to share insights and develop discretionary investment solutions. This includes launching a bespoke global multi-asset portfolio for ttb wealth securities' private wealth clients. The joint venture model allows Schroders to access market developments and global asset-allocation perspectives, enhancing its wealth business in Thailand. Original Article: Schroders Employs JV Model To Build Thailand Wealth Business The UK-based group, which is in the process of being acquired by US-headquartered Nuveen, has embraced the joint venture approach for Thailand wealth management, joining other firms taking this route. Schroders has partnered with ttb wealth securities, a subsidiary of TMBThanachart Bank to develop a wealth and investment management proposition for high net worth and ultra-HNW clients in Thailand. The businesses will create a joint 'investment forum' to pool and exchange insights. Schroders and ttb wealth securities will assess market developments, draw on global asset-allocation perspectives and develop discretionary investment solutions for ttb wealth securities' private wealth clients, starting with a bespoke global multi-asset portfolio, the firms said. Several private banks and wealth managers, such as Julius Baer, have…