SEA Deal Ticker
Being a foreign broker in Thailand stopped paying: DBS hands its baht client book to ttb
DBS Vickers Securities Thailand started contacting clients on 31 August to move baht securities, derivatives and cash to ttb wealth securities, with completion due by May 2027. DBS keeps its non-baht private banking.
Positive-sum angle: The domestic licence beat the foreign brand. A founder building consumer finance for Thailand is better off wholesaling the product to a Thai bank than fighting one for the same retail account.