Thidatip (Dada) Thitikarunwong Credit Suisse Private Banking Team Leader Thailand
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Credit Suisse Grows Thailand Private Banking Team with 3 New Hires, 2nd Largest Economy in Southeast Asia with $500 Billion GDP

6th October 2021 | Singapore

Credit Suisse, the Swiss banking group with more than $1.75 trillion managed assets (CHF 1.59 trillion), is growing the Private Banking team in Thailand with 3 new hiresThidatip Thitikarunwong as Team Leader based in Bangkok (Thailand) and 2 new Private Bankers Nakkagamon (Ying) Manosri and Naphak (Nahm) Tachasiriamorn.  Thailand is the 2nd largest economy in Southeast Asia with more than $500 billion GDP, with 34 billionaires and more than 30,000 millionaires (Largest in Southeast Asia: Indonesia, $1.1 trillion GDP).  The top 3 richest families in Thailand are Chearavanont Brothers with more than $30 billion fortune (Charoen Pokphand Group), Chalerm Yoovidhya family with $24 billion fortune (Redbull) and Charoen Sirivadhanabhakdi with $12 billion fortune (Chang Beer).  Credit Suisse has been on a drive to grow Private Banking in Asia to serve the fast-growing billionaires, UHNWs & HNWs, and attracting top talents including more than 50 net hires of Relationship Managers across both North and South Asia in India, Southeast Asia, Hong Kong, Japan and Australia in 2021.  (UHNW, HNW ~ Ultra high net worth, High net worth; GDP ~ Gross Domestic Product)

“ Credit Suisse Grows Thailand Private Banking Team with 3 New Hires “

 


Private bankers typically manage $100 million to $300 million of assets, with the most senior and top private bankers managing assets of $300 million to $1 billion and top UHNW private bankers can manage book size of $500 million to $2 billion.

 

Edwin Tan, Credit Suisse Head of Wealth Management Onshore and Head of Investment & Advisory Solutions Thailand:

“Thailand is a key strategic growth market for Credit Suisse, and we are continuing to build up our wealth management franchise to capture the vast opportunities in the wealth management sector there.

We remain deeply committed to expanding our team in Thailand, and have hired three senior bankers who will enhance our wealth management offerings and services to bring our best in class platform and solutions to our clients there.”

 

Thidatip Dada Thitikarunwong Credit Suisse Private Banking Team Leader Thailand Headshot
Thidatip (Dada) Thitikarunwong Credit Suisse Private Banking Team Leader Thailand
Credit Suisse Team Leader Thidatip (Dada) Thitikarunwong

Thidatip Thitikarunwong, joined the Credit Suisse Thailand market in October 2021, based in Bangkok. As a team leader, she will lead a new Thailand onshore team (includes relationship managers Nakkagamon Manosri and Naphak Tachasiriamorn – profiles below) and help to drive the growth of the Credit Suisse franchise in Thailand.

She joins Credit Suisse from CIMB Thailand where she was the Private Banking Team Head.  She has 20 years of experience in various leadership and relationship management roles, including 10 years with Citibank Thailand and UOB Thailand.

 

Nakkagamon Ying Manosri Credit Suisse Private Banking Relationship Manager
Nakkagamon (Ying) Manosri Credit Suisse Private Banking Relationship Manager
Credit Suisse Relationship Manager Nakkagamon (Ying) Manosri

Nakkagamon (Ying) joined Credit Suisse as a Relationship Manager in early September 2021. She was previously with CIMB Thailand where she was a Relationship Manager for their private banking business.

An experienced private banker, she has 10 years of experience in relationship management roles with CIMB Thailand, DBS Vickers and Bank of Ayudhya (Krungsri).  Prior to that, she spent a total of seven years with KasikornBank and Siam Commercial Bank.

 

Naphak Nahm Tachasiriamorn Credit Suisse Private Banking Relationship Manager
Naphak (Nahm) Tachasiriamorn Credit Suisse Private Banking Relationship Manager
Credit Suisse Relationship Manager Naphak (Nahm) Tachasiriamorn

Naphak (Nahm) Tachasiriamorn joined Credit Suisse as a Relationship Manager in early September 2021.

A veteran banker, she has two decades of experience in the financial sector, and spent the last eight years at CIMB Thailand, DBS Vickers and Bank of Ayudhya (Krungsri).  Prior to that, she worked in MFC Asset Management, HSBC and Standard Chartered.

 

 

Credit Suisse, $1.75 Trillion AUM

Credit Suisse Hong Kong
Credit Suisse Hong Kong

In 2021 Q1, Credit Suisse reported total AUM of $1.75 trillion (CHF 1.59 trillion). Credit Suisse has 3 main business groups: Swiss Universal Bank, International Wealth Management (Private Banking) and Asia Pacific. The 3 business groups are supported by Credit Suisse Investment Bank.  (AUM ~ Assets under Management)

For Asia Pacific, Credit Suisse reported CHF 241.9 billion AUM with 630 Relationship Managers in 2021 Q1.

Credit Suisse Assets under Management (AUM):

  • Swiss Universal Bank – Private Clients: CHF 213.1 billion
  • Swiss Universal Bank – Corporate & Institutions: CHF 487 billion
  • International Wealth Management – Private Bank: CHF 386.2 billion
  • International Wealth Management – Asset Management: CHF 458 billion
  • Asia Pacific: CHF 241.9 billion
  • Total: CHF 1.59 trillion / $1.75 trillion

(Net CHF 1.59 trillion AUM after reducing CHF 190.2 billion from assets managed by Credit Suisse Asset Management within International Wealth Management)

 

Credit Suisse Growing Fast in Asia

China City 3
Shanghai Pudong City | Leading Financial Centre in Asia

Credit Suisse continues to grow in Asia, and focusing on accelerating growth in North Asia including China.  In Q1 2021, Credit Suisse hired 30 Private Bankers in Asia-Pacific.

Credit Suisse APAC reporting highlights for 1Q 2021:

  • CS APAC delivered record net revenue and adjusted pre-tax income (PTI
  • APAC regional revenue +39% YoY and 20% of Group revenue
  • Client Business Volume at $419 billion
  • APAC division pre-tax income more than doubled YOY
  • Net New Assets $5.4 billion in 2021 Q1

 

Credit Suisse:

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Credit Suisse

Credit Suisse is one of the world’s leading financial services providers. Our strategy builds on Credit Suisse’s core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland.

Credit Suisse employs approximately 49,090 people. The registered shares (CSGN) of Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York.

Visit: Credit Suisse



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