The Stock Exchange of Thailand (SET)’s Board of Governors has announced the appointment of Pakorn Peetathawatchai today to serve his second term as the exchange ’s President. His current term tenure comes to an end on May 31 while his second term starts from 1st June 2022.
The Board of Governors (BoG) held its meeting on February 23 and made the decision for Peetathawatchai’s reappointment. The BoG considers that Peetathawatchai is a capable leader with wide experience in both the financial and capital markets. The BoG stated that his reappointment to serve his second term will ensure the firm continues pursuing its policies and moves forward, particularly through the challenges of the ever-changing and uncertainty in the digital era.
Under his first term in office that ran for 4 years, Peetathawatchai enabled the SET to make significant developments in both quality and quantity. Especially, the Thai bourse has continuously secured its position as ASEAN’s most liquid market for several years. The number of securities trading accounts has significantly increased to more than 5 million at present. Additionally, the number of new-economy companies raising funds through the stock market has risen exponentially. In addition, the stock exchange has innovated foreign-linked products to become more diverse. Furthermore, through Peetathawatchai’s leadership, the Thai capital market and listed companies have increasingly been recognized internationally for their sustainable development.
Peetathawatchai joined SET in 2010, and he was appointed as the bourse’s 13th president in February 2018.
Giving Investors Access to Public Markets
Established in 1975, the Stock Exchange of Thailand continues to make the capital market a driving force for Thai economic growth and to be beneficial to all stakeholders. Recently, the stock exchange announced that it is getting ready to launch a digital asset trading platform . The president of the exchange expects the country’s cryptocurrency regulator, the Thai Securities and Exchange Commission (SEC), to approve the launch very soon.
Meanwhile, the SET has become a major business enterprise in Thailand. As of June 2020, SET was ASEAN’s second-largest stock exchange by market capitalization at US$473 billion. As of February 2022, there were 596 companies listed on SET and 184 firms on its Market for Alternative Investment. Other types of securities such as infrastructure fund, exchange-traded fund (ETF), derivative warrant (DW), real estate investment trust (REIT), Thailand Bond Exchange (TBX) and depositary receipt (DR) are also listed on the Thai stock exchange.
