New Bank of Thailand Governor appointed

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Sethaput Suthiwart-Narueput as the next governor of the Bank of Thailand (BoT).
Sethaput Suthiwart-Narueput as the next governor of the Bank of Thailand (BoT).

The Cabinet on Tuesday approved appointment of Sethaput Suthiwart-Narueput as the next governor of the Bank of Thailand (BoT) to succeed Veerathai Santiprabhob, whose term ends in September.



Sethaput, the member of the Monetary Policy Committee and the prime minister’s advisory team was proposed by the selection committee.

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He earned a bachelor’s degree in economics from Swarthmore College in the U.S. and a master’s degree and a doctorate in economics from Yale University.

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During the 1997 Tom Yum Kung financial crisis, he was a member of the economist team, working with the then finance minister, Tarin Nimmanhaemin.

All six candidates comprise two insiders, central bank deputy governors Mathee Supapongse and Ronadol Numnonda.

Four external candidates are Sethaput; AnusornTamajai, the director of the Economic and Business Research Centre for Reform at Rangsit University’s Institute of Economics; Tongjai Thanachanan, former head of institutional business at Ayudhya JF Asset Management and Suchart Techaposai, former chief investment officer and head of fixed income at Ayudhya JF Asset Management. (TNA)