BNP Paribas Wealth Management is launching an onshore wealth management business in Thailand led by a former Credit Suisse team leader.
In a statement on 19 April, BNP Paribas said clients will get access to international capital markets through the bank's platform in Singapore while being serviced in the country by a team of experienced relationship managers.
Arnaud Tellier, Asia CEO at BNP Paribas Wealth Management said it had been banking with entrepreneurs and families in Thailand since 1979 and that the bank could now "offer a comprehensive array of solutions that allow us to better serve high net worth individuals and their families in Thailand".
Bangkok-based Daniel Peter has been named as CEO of BNP Paribas Wealth Management Thailand, subject to regulatory approvals, leading the onshore team to deliver wealth management services to clients.
Peter has extensive experience in the Southeast Asia private banking industry and prior to joining BNP Paribas, he was team leader of wealth management Thailand at Credit Suisse.
Tellier added: "Our strength lies in our 'One Bank' model, our robust in-house capabilities, and our extensive global networks that enable us to provide distinct and relevant wealth solutions."