Mitihoon – SCB WEALTH has reinforced its leadership in wealth management in Thailand through a strategic partnership with BlackRock, the world’s leading asset manager. This collaboration has fueled significant growth, with assets under management (AUM) rising over 220% in just one year to USD 1.5 billion and expected to reach USD 1.7 billion within the first quarter of 2026. SCB WEALTH is now the largest distributor of SCB Asset Management (SCBAM) funds, positioning SCBAM as the largest manager of BlackRock funds in Thailand. Market share has expanded from 16% in 2024 to 25% in 2025, reflecting investor confidence in SCB WEALTH’s ability to combine BlackRock’s global expertise with deep local market insights. Looking ahead, SCB WEALTH and BlackRock plan to elevate their synergy in 2026 by developing Capital Market Assumptions (CMA) tailored for Thailand, providing a strategic foundation for long-term investment planning. They will also enhance advisory services through co-creation of Tactical Asset Allocation (TAA) strategies at a global level, ensuring more effective portfolio solutions for clients. This initiative underscores SCB WEALTH’s Customer Centricity approach, focusing on personalized advisory and product innovation to meet the unique needs of Thai investors, while building a strong investment ecosystem for sustainable wealth creation.
Mr. Sornchai Suneta, CFA Deputy Head of High Net Worth and Affluent Banking at Siam Commercial Bank (SCB), emphasized that the partnership has reshaped Thailand’s wealth management landscape. He noted that over the past year, SCB WEALTH’s collaboration with BlackRock in delivering innovative investment solutions has reinforced its position as one of Thailand’s foremost wealth management leaders. This partnership has not only strengthened SCB WEALTH’s market presence but also acted as a catalyst in elevating the entire financial services industry to new standards.
The success clearly demonstrates that the synergy between BlackRock’s global expertise and SCB’s deep understanding of the Thai investment landscape is a powerful driver in raising Thailand’s wealth management standards to an international level. Together, they are creating sustainable growth opportunities for Thai investors across all market conditions.
Throughout 2025, the partnership between SCB WEALTH and BlackRock drove assets of SCB WEALTH’s asset under management (AUM) in BlackRock-managed funds into grow by approximately THB 50 billion (approximately USD 1.5 billion), representing an increase of over 220%. By the first quarter of 2026, this figure is expected to rise further to USD 1.7 billion. SCB has become the largest distributor for SCB Asset Management (SCBAM), positioning SCBAM as the No.1 manager of BlackRock funds in Thailand. Market share expanded significantly from 16% in 2024 to 25% by the end of 2025, underscoring the strong trust investors place in SCB WEALTH’s outstanding financial solutions that precisely meet client needs.
SCB WEALTH, in strategic partnership with BlackRock, has designed innovative products to strengthen clients’ core portfolios, ensuring sustainability and growth across all market conditions. The success stems from the synergy between SCB WEALTH’s deep local expertise—capturing the unique needs of Thai investors—and BlackRock’s global asset management capabilities, resulting in robust solutions that precisely address market demands.
This partnership has led to the launch of SCB Global Multi Asset Core (SCBGMCORE), Thailand’s first fund to employ Liquid Alternatives strategies, designed to generate returns independent of market volatility. The fund has been well received by investors. SCBGMCORE(A) invests in a wide range of international assets, including CIS units, ETFs, global real estate funds, REITs, and infrastructure funds. The allocation can range from 0% to 100% of the fund’s net asset value, depending on market conditions and the discretion of the fund manager. BlackRock (Singapore) Limited has been appointed as the investment manager. The fund is classified as Risk Level 5. Performance as of January 31, 2026 (SCBAM Fund Factsheet): YTD +1.05% 3 months +1.33% 6 months +5.38% Since inception (April 10, 2025) +15.72% annually
In addition, SCB WEALTH has continued to collaborate with BlackRock to develop investment products,aiming to provide comprehensive investment solutions across all dimensions , such as SCBGMLITE(A): Designed for investors with lower risk tolerance, this fund invests in units of international mutual funds such as CIS and ETFs across more than 10 asset classes worldwide—including equities, fixed income, and alternative assets like gold, REITs, and TIPS. The fund is classified at Risk Level 5, within the same group as SCBGMCORE but tailored for more conservative investors. SCBUSFOCUS(A): Focused on growth opportunities in U.S. equities aligned with sustainable investment principles. The fund carries a Risk Level 6 rating. SCBABSAP(A): A high-complexity fund employing advanced financial strategies to manage risk and deliver consistent returns. It is categorized at Risk Level 6, reflecting its complex, higher-risk profile.
SCB CIO and BlackRock have elevated investment research standards through the Co-Create Research strategy, which integrates global expertise with deep local market insights. This collaboration leverages systematic brainstorming and strategic exchange of perspectives on global assets to deliver in-depth analysis, with a strong focus on Tactical Asset Allocation (TAA) that keeps pace with global developments.
At the same time, the partnership provides comprehensive coverage of Thai assets, incorporating macroeconomic trends, monetary policy, and risk management considerations. By combining BlackRock’s strengths in global core assets with SCB CIO’s expertise in local instruments such as Thai bonds and equities, the collaboration produces highly detailed and accurate insights across all dimensions of investment.
Through SCB WEALTH XCELERATE, SCB WEALTH and BlackRock are nurturing the next generation of investors by offering exclusive international learning experiences with BlackRock experts, broadening financial vision and fostering sustainable portfolio growth.
Mr. Suneta added that, moving forward in 2026, SCB WEALTH and BlackRock are set to expand their strategic collaboration through three key initiatives. The first is the development of Capital Market Assumptions (CMA) tailored specifically for Thailand, providing a precise strategic foundation for long-term investment planning. In parallel, the partnership will enhance advisory services by co-creating Tactical Asset Allocation (TAA) strategies at a global level, enabling more diverse investment solutions that meet client needs comprehensively and strengthen the ability to effectively generate additional returns (Alpha) for client portfolios.
This next phase also underscores SCB WEALTH’s commitment to Customer Centricity, focusing on advancing the expertise of its advisory teams and innovating new products designed to address the unique requirements of Thai investors. The collaboration is not merely about enhancing financial services, but about building a holistic investment ecosystem that elevates client experiences and fosters sustainable wealth creation across all dimensions.
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