Siam Commercial Bank (SCB) has teamed up with property-consulting firm Knight Frank Thailand to open a window to real-estate investment in London.
The alliance is targeted at helping London’s ultra-high-net-worth (UHNW) customers diversify their investment portfolio, The Nation reported.
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SCB head of private banking Lalitphat Toranavikrai said that the economy of Thailand suffered an uncertain future, with fixed-income instruments unlikely to be very attractive due to investment volatility, though the overseas-property-market trend is positive.
With the move, SCB intends to help customers find alternative investments to get a better mix of asset classes that will maximise returns and at the same time, preserve wealth amidst the volatile domestic economy.
Knight Frank Thailand will present investment opportunities in London in order to enable UHNWs purchase the right real estate with good returns in the long run.
SCB private banking caters to over 10,000 UHNWs, managing overall THB600bn in assets.
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