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 tapped rising affluence in the Southeast Asian nation via the joint venture and partnership route. Julius Baer, for example, operates a JV called SCB-Julius Baer Securities Co. DBS Bank has partnered with its Thailand securities business. That partnership brought together DBS Bank and DBS Vickers Securities (Thailand).

UK-headquartered Schroders continues to build its Asia business. For example, in mid-July, it appointed Peter Flavel as chair and independent non-executive director of the board of Schroder & Co (Asia) Limited. Flavel served in senior leadership roles across Asia, Europe, the Middle East and the Americas. He established Standard Chartered’s global Private Bank and later served as CEO of JP Morgan Private Wealth Management for Asia-Pacific, based in Singapore. Most recently, he was CEO of Coutts in the UK, part of NatWest Group, leaving in July 2023.

Centuries
“Schroders brings more than 200 years of experience investing through changing markets and supporting the evolving needs of our clients. Our longstanding presence in Asia has given us a deep understanding of the region and its diversity,” Katherine Cox, head of client group, South Asia and Global Official Institutions, Schroders, said.

Saranya Phuphatana, CEO, ttb wealth securities, said: “Investment decisions have become increasingly complex for Thai clients. Markets are more volatile, a growing share of the opportunity sits outside Thailand, and remaining entirely domestic is no longer a neutral position. What clients need is a stronger conviction behind the choices they make. Partnering with Schroders gives our advisors direct access to global investment expertise and insights, enabling us to deliver more robust and comprehensive wealth solutions tailored to the evolving needs of Thai investors.”

Earlier in July, Schroders Wealth Management, including Cazenove Capital, launched a new global wealth advisory service aimed at ultra-HNW clients. The offering officially launched first in the UK and Switzerland and will be rolled out in Asia later in 2026.