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Economics hotshot named new central bank governor

Jul 29. 2020
Sethaput Suthiwart-Narueput
Sethaput Suthiwart-Narueput
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By THE NATION

A Government House source said the Cabinet on Wednesday (July 29) approved prime minister’s adviser Sethaput Suthiwart-Narueput as the new Bank of Thailand (BOT) governor.

The term of the current central bank governor, Veerathai Santiprabhob, ends on September 30.

Sethaput was nominated by a selection committee and handed over to the Cabinet by Deputy Commerce Minister Santi Promphat. 

Setthaput picked up a doctorate and master’s degree in economics from Yale University before working for the New York-based McKinsey & Company consultancy firm and then the World Bank.

Sethaput and Veerathai were recruited to work at the Finance Ministry after the 1997 financial crisis hit Thailand, and the two were also appointed as co-directors of the Fiscal Policy Research Institute.

Other candidates for the governor’s post included Anusorn Tamajai, former dean at Rangsit University’s Economics Faculty and former Monetary Policy Committee member; Tongjai Thanachanan, former head of institutional business at Ayudhya JF Asset Management; and Suchart Techaposai, former head of fixed income at Ayudhya JF Asset Management; as well as incumbent BOT deputy governors Mathee Supapongse and Ronadol Numnonda.

 

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