TMBThanachart Bank, or TTB, is fully launching its Wealth Management game by taking over the baht-denominated investment portfolio from DBS Vickers Securities (Thailand), or DBSVT, into TTB Wealth, under a business alliance with DBS Bank, the largest bank in Southeast Asia by assets. This is not a purchase of the client portfolio. The transfer process will begin contacting clients from August 31, 2026, and is expected to be completed by May 2027, which will allow revenue from securities trading of the transferred portfolio to be recognized within the TTB group. Meanwhile, TTB will select DBS's international financial products to offer to Thai clients and use DBS's direct remittance network for five major Asian currencies to reduce costs and increase the speed of cross-border transactions. CEO Piti Tantakasem emphasized that TTB is not participating in the Virtual Bank business because it sees that the model in Thailand still lacks a clear pain point. As for ING reducing its stake in TTB to 11.6%, this does not reflect a decline in interest in Thai banks but is part of ING's investment strategy.
TMBThanachart Bank Public Company LimitedTTB takes over DBSVT's baht-denominated investment portfolio into TTB Wealth, adding securities-trading revenue and clients
ING Groep NVING's stake reduction in TTB to 11.6% is described as part of ING's investment strategy, not a loss of interest in Thai banks
