Thailand

CEO of SCB Julius Baer has Resigned

The CEO of SCB Julius Baer, the strategic joint venture established by Siam Commercial Bank and Julius Baer, has resigned 7 months after entering the role.

Jiralawan Tangitvet joined SCB Julius Baer in April 2019 to lead the joint venture, which was created to deliver solutions and advice to the growing high net worth and ultra-high net worth segments in Thailand.

Tangitvet joined SCB Julius Baer from Kasikorn Securities, where she was a Managing Director. An experienced investment specialist, he brought over two decades of experience to her role, according to a report by Finews Asia.

The reason for Tangitvet’s departure has not been disclosed, with both Siam Commercial Bank (SCB) and Julius Baer declining to comment.

SCB Julius Baer recruited over 50 relationship managers, investment specialists and support functions staff upon its launch. The operation stressed the importance of talent development, with Arak Sutivong, President, SCB stating that “SCB is committed to the success of this partnership and will continue to present our best talent to support this business growth.”

“Both organisations’ shared values of client centricity underscore our commitment to clients and this unique partnership,” Sutivong added in a press release in April 2019.