In an interview with SRP, Ittiphan Jearkjirm (pictured), executive vice president, investment product division at Siam Commercial Bank (SCB), shines a light on the reasons behind the distributor’s two-fold increase in its structured product offerings in 2020 despite the overall scaledown countrywide.
If hedging losses were unavoidable for structured product providers worldwide during the Covid-19 related sell-off, the year of 2020 ended up bringing more than what it took away for SCB. The bank, of which 23.35% of the shares are held by King Vajiralongkorn, doubled its offerings to 693 in 2020 with a 35.2% increase in sales at THB8.9 billion (US$284m) year-on-year (YoY), making it the third most active distributor in the country after Phatra Securities and CGS-CIMB Securities. In contrast,
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