Bangkok--29 Mar--SET
The Stock Exchange of Thailand (SET)’s Board of Governors appointed Charamporn Jotikasthira as its eleventh President, with a four-year term running from June 1, 2010 to May 31, 2014.
SET Chairman Sompol Kiatphaibool disclosed that SET’s current president, Ms. Patareeya Benjapolchai, ends her tenure on May 31, 2010.
“The Board appointed Mr. Charamporn on the basis of his experience in both the financial and capital markets, which will be of significant value in leading the organization and carrying on SET’s strategy to achieve its goals and follow the Capital Market Development Plan.”
SET’s four main strategies consist of 1) Enhancing market quality and integrity; 2) Increasing liquidity; 3) Building a foundation for strong and sustainable development and, 4) Preparing for the SET's demutualization. The strategies will help enhance the SET to be a major mechanism in harnessing, allocating and maintaining the effective usage of economic resources, helping Thailand to be competitive, according to the Capital Market Development Plan approved by the cabinet.
Mr. Charamporn Jotikasthira, aged 53, earned his Bachelor’s Degree in Electrical Engineering and Computer Science from the Massachusetts Institutes of Technology (U.S.A.) and MBA from Harvard Graduate School of Business Administration (U.S.A.). He joined the Siam Commercial Bank PCL in 1985, working in IT technology, money management, corporate finance, and risk management. He was also top executive of several of the bank’s subsidiaries: Managing Director of SCB Asset Management in 1992, and President and Chief Executive Officer of SCB Securities in 1995. Mr. Charamporn’s present position is SCB’s Senior Executive Vice President, Chief Information Officer.