Senior executive vice-president of the Stock Exchange of Thailand (SET) Pakorn Peetathawatchai has been named the new president, succeeding incumbent Kesara Manchusree.
The board of governors on Wednesday appointed Mr Pakorn, 54, the new president with a four-year term starting June 1. Mrs Kesara's term expires at the end of May, the SET said.
- Earlier report: SET's Pakorn tipped for presidency
His selection came as no surprise as he had been tipped as the front-running candidate to administer the bourse.
Mr Pakorn has held the position of senior executive-vice president of the SET since Feb 10, 2016. Previously he worked in the treasury department of Siam Commercial Bank (SCB) and served as the department's vice-president from 1999 to 2002.
Mr Pakorn has a bachelor’s degree in electronics from King Mongkut’s Institute of Technology Ladkrabang, an MBA in finance from the University of Wisconsin, and a PhD in finance and economics from Boston University.