Corporate Press Release
Credit Suisse appoints Thippa Praneeprachachon as Head of Wealth Management Thailand
Ms. Thippa is a veteran in the wealth management industry in Asia, with more than 30 years' experience covering the Thailand market. She joins Credit Suisse from EFG Bank Singapore, where she was the Senior Client Relationship Officer for more than 10 years, in charge of a team of relationship managers and a portfolio of clients. In this role, she was also responsible for setting up the bank's local investment advisory operations in Thailand. Prior to EFG, Ms. Thippa was the Head of Private Wealth Management at Deutsche Bank's Bangkok Branch. She also worked at Citi Private Bank for 16 years in Bangkok and New York, in senior roles in private banking, as well as in treasury and investment advisory.
Mr Christian Senn said, "We are delighted to have Ms. Thippa on board to help drive our local wealth management business in Thailand. As an experienced wealth management professional who has deep knowledge of the Thai market and clients, while having worked in other global financial centers in senior client coverage and leadership roles, Ms. Thippa brings great value and insights to our clients and the bank. Under Ms. Thippa's leadership, we will continue to build up our wealth management team in Thailand and grow our business, focusing on providing Thai clients access to our international solutions and capabilities and helping them diversify their domestic wealth through global investments."
Credit Suisse first set up a wealth management team in Thailand in May this year through its local securities entity Credit Suisse Securities (Thailand) Limited, offering wealthy individuals and families access to a comprehensive international investment and wealth management platform via its regional Private Banking hub in Singapore. The local team of Investment Planners have extensive experience in international investment and wealth management with both local and global financial institutions, and are supported and complemented by more than 200 solutions and products specialists in Singapore. Credit Suisse's new wealth management set up in Thailand targets two key client segments: high-net-worth individuals with more than USD 2 million (THB 70 million) in assets under management (AUM), and ultra-high-net-worth individuals with USD 50 million (THB 1.8 billion) in AUM or USD 250 million (THB 9 billion) in net wealth, who are mostly first or second generation entrepreneurs with family-owned businesses.