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SCB appoints 4 co-presidents in strategic move to drive growth

Feb 05. 2019
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By The Nation

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In a strategic move to further drive business growth, Siam Commercial Bank president and CEO Arthid Nanthawithaya has announced the Bank is embarking on its “Going Upside Down” transformation mission to fast forward and better balance the firm in five important areas.

They are: leaning the bank, digital acquisition, data capabilities, new growth and the Bank as a “platform”.

​ The mission is well underway in terms of technology investment and revamping the Bank’s infrastructure. In order to further speed up the mission, the firm needs to adjust its working process to become a more agile organization, according to Arthid. This includes transforming roles and duties at every level to move together in a new working style that will leverage the potential of technology to the fullest extent for maximum benefits to customers.

​The mission to drive its long-term strategies, to transform working styles in every segment, and to drive a new corporate culture has primarily rested with the Chief Executive Officer. Under the new business direction, Arthid has proposed segregating the president’s position to help drive current business, while pushing tasks under the transformation mission to full achievement by 2020 as planned.

​Siam Commercial Bank’s new organisational structure has Arthid Nanthawithaya serving as the Chief Executive Officer in charge of driving SCB’s long-term strategic transformation plan and to ready the Bank for future banking business. In addition, four presidents will be appointed to effectively handle current business – Sarut Ruttanaporn, Apiphan Charoenanusorn, Orapong Thien-Ngern, and Arak Sutivong. The new appointments take effect from February 5, 2019.

The Bank of Thailand has approved the appointment of the four presidents.

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