SCB WEALTH Collaborates with Savills is Estate Investment Advisory
Mr. Sathit Pongtanya, First Executive Vice President of Wealth Planning and Family Office and Wealth Platform at Siam Commercial Bank, recently exchange an agreement with Mr. Robert Collins, Chief Executive Officer of Savills (Thailand) Company Limited, to enhance their collaboration in offering overseas real estate investment guidance to the bank’s Wealth clients.
Savills, a renowned global real estate agency with over 160 years of experience, is set to provide expertise spanning across the globe. This partnership aims to cater to customers interested in purchasing, selling, or renting international real estate, ensuring their specific needs are met. The signing ceremony took place at Savills (Thailand) Company Limited.
Dr. Sathit emphasized the pivotal role of wealth management within the Wealth Planning and Family Office. This specialized unit serves as an advisory hub for asset management and family legacy planning for SCB Wealth’s High Net Worth Individuals (HNW) in the Private Banking segment. It primarily offers comprehensive guidance on legal and tax matters to facilitate the stable and sustainable transfer of wealth across generations. Additionally, it provides insights into family transactions and offers recommendations for the effective governance of family enterprises.
Furthermore, the office extends its advisory services to domestic real estate investments, encompassing aspects like land and building tax administration. It also furnishes recommendations and legal guidance pertaining to various transaction types, such as outbound remittances adhering to Bank of Thailand’s stipulations, and foreign securities investments, and collaborates with experts to advise on trust establishment, encompassing associated legal and tax considerations.
Over the years, the Wealth Planning and Family Office has played a crucial role in family wealth succession planning for a substantial number of HNW clients, currently overseeing a portfolio of over 2,000 clients. The team is well-prepared to offer advice tailored to meet client needs and maximize benefits. Notably, tax management for individuals and family businesses remains a top priority. Furthermore, this year, the Wealth Planning and Family Office has expanded its services by partnering with a leading international consultancy to address customer requirements, including educational guidance for overseas-based children and assistance with applications for citizenship or relocation as part of their investment advisory services.
