Setthaput latest to vie for BoT post

Setthaput latest to vie for BoT post

Six candidates in the race for central bank governor as application deadline passes

Setthaput Suthiwart-Narueput, a member of the Monetary Policy Committee and the prime minister's advisory team, has joined the race for the top job at the Bank of Thailand, bringing the number of contenders to six.

Setthaput: Worked at World Bank in D.C.

Of the applicants for central bank governor, four are external candidates and two are insiders, Rangsan Sriworasart, the selection committee chairman, said after the extended application period closed yesterday.

The application period will not be extended again, he said, as the six applicants have been deemed sufficient.

The selection committee will convene a meeting to discuss applicants' qualifications on Monday and set interview dates later, Mr Rangsan said.

The committee will name two shortlisted candidates and propose them to Finance Minister Uttama Savanayana, who will forward his pick for the next governor to the cabinet for nomination before seeking royal approval.

An informed source who requested anonymity described Mr Setthaput as the favourite to fill outgoing governor Veerathai Santiprabhob's shoes.

Mr Veerathai declined to apply for a second term ahead of his five-year tenure expiring at the end of September.

Mr Setthaput earned a doctoral degree from Yale University. He previously served as the World Bank's senior economist based in Washington, as president of SCB Asset Management and as executive vice-president and chief economist of Siam Commercial Bank.

Anusorn Tamajai, director of business reform at Rangsit University, is another candidate who applied during the extended period.

Mr Anusorn, who earned a doctoral degree in international economics, finance and development from Fordham University, is a former member of the Monetary Policy Committee.

The committee searching for the 24th chief of the Bank of Thailand decided to extend the application deadline from June 25 to July 10 after determining that the number of external applicants was too low.

Apart from the two latest applicants, four other candidates applied during the regular application period. They are central bank deputy governors Mathee Supapongse and Ronadol Numnonda; Tongjai Thanachanan, former head of institutional business at Ayudhya JF Asset Management (later renamed Krungsri Asset Management); and Suchart Techaposai, former chief investment officer and head of fixed income at Ayudhya JF Asset Management.

Mrs Tongjai is a former investment officer at the central bank, and Mr Suchart is a former senior investment dealer there.

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