Veerathai to get top bank job

Veerathai to get top bank job

The cabinet on Tuesday nominated Veerathai Santiprabhob, a former economist at the International Monetary Fund (IMF), as the new governor of the Bank of Thailand.

Veerathai: Tipped as frontrunner

If royally appointed, Mr Veerathai will replace Prasarn Trairatvorakul, whose five-year term is due to end on Sept 30. Mr Veerathai's appointment was proposed by the Finance Ministry.

Mr Veerathai, 45, beat rival candidate Supavud Saicheua, managing director of Phatra Securities, to take the helm as the 23rd central bank governor.

Mr Veerathai was tipped as frontrunner since the application period began.

The incoming governor has held prominent positions as a member of the State Enterprises Policy Commission, known as Superboard, chaired by Prime Minister Gen Prayut Chan-o-cha to regulate state enterprise affairs and management.

Mr Veerathai has a doctorate in economics from Harvard University and was an Eisenhower Fellow in 2013. He returned to Thailand to lead the Policy Research Institute of the Finance Ministry during the Asian financial crisis, and is credited with driving the development of the country's capital markets and the integration of Southeast Asian capital markets during his tenure as chief strategy officer at the Stock Exchange of Thailand.

Ampon Kittiampon, chairman of the Bank of Thailand, said Mr Veerathai is the most appropriate person thanks to his vast experience.



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