Briefs

True Corp today is expected to appoint a new chief executive officer, replacing Suphachai Cheavaranont, who has already moved to become CEO of Charoen Pokphand (CP) group.
The True board will meet today on the company’s new structure and to select the new CEO.
One of the heavyweight candidates for the top job at True is Adhiruth Thothaveesansuk, 53, currently chief operating officer.
CP is True’s parent. According to an internal CP announcement last month, Suphachai recently replaced his father Dhanin as CEO, while Supachai’s elder brother Soopakij, who was CP’s executive vice chairman, replaced Dhanin as CP chairman. Dhanin has been appointed the group senior chairman. 
Suphachai once said he was strongly confident that his move to CP would not affect True’s operations as the True board had been aware of business group’s succession plan. True has restructured the company to with intense competition and to transform it into a fully digital company.

SCBAM FORECASTS 19% RISE 
IN FEE-BASED INCOME

 SCB Asset Management expects its fee-based income from fund management to rise by at least 19 per cent this year, while maintaining its leadership in the fund-management industry with a 20.52-per-cent share.
Smith Banomyong, chief executive officer of SCBAM, said the company’s fee-based income was targeted to grow at least as strongly as last year’s level of about 19 per cent.
The fund-management industry is forecast to expand by about 10 per cent this year thanks to Thailand’s sound economic fundamentals. However, fluctuations could still result from external factors.
SCBAM estimates that its assets under management will rise by 8 per cent to Bt1.4 trillion.