No move on SEC chief appointment today

TUESDAY, SEPTEMBER 13, 2011
No move on SEC chief appointment today

Finance Minister Thirachai Phuvanatnaranubala today will not submit his nomination of the Securities and Exchange Commission's new chief for the Cabinet's approval, said a source at the government.

 

 The SEC board of directors on Sept 1 submitted two nominations - Chalee Chantanayingyong, now deputy secretary-general of the securities watchdog; and Vorapol Sokatiyanurak, director of the Centre for Economic Competitiveness Enhancement, National Institute of Development Administration (NIDA).

 Rumours go that Chalee submitted his application at the last minute, as Rapee Sucharitakul - a former SEC official - changed his mind. Rapee earlier resigned as executive chairman of Kasikorn Asset Management Co Ltd, expected to apply for the post. Rapee was said to have close relationship with the Democrat Party.