Thailand has become an important wealth and private banking growth market. Banks such as SCB Julius Baer – the Swiss bank's joint venture in the country – and HSBC, Siam Commercial Bank, DBS, Maybank and LGT have appointed senior figures in the Southeast Asian country.

This week, Schroders has confirmed that its head of the Thailand business has left the UK-headquartered firm. 

“We can confirm that Arthit Thongcharoen, Schroders’ head of Thailand Business has decided to pursue a new opportunity outside the organisation. We thank him for his significant contributions over the past nine years and wish him well,” a spokesperson told WealthBriefing when queried about a media report. 

“Thailand remains an important market for Schroders. Our Thailand business continues to be supported by seasoned professionals with deep market knowledge and global insights. We are in the process of appointing a replacement,” the spokesperson said. 

Earlier in June, Schroders appointed Sharon Sim as head of business development, Asia.