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Thailand central bank governor application deadline may be extended, report says

The central bank governor selection page on bank of thailand website
By Asia Asset Management  
June 24, 2020

Thailand central bank’s top job, which will fall vacant at the end of September, drew little outside interest when applications closed last week so the deadline may be extended, according to a local English language daily, citing the head of the search panel looking for a successor to Governor Veerathai Santiprabhob.

The Bangkok Post quoted Rangsan Sriworasart, chairman of the selection committee, as saying that only two external candidates applied to be the next governor of the Bank of Thailand, a number considered “too few”. Applications closed on June 16.

"An extension would allow other qualified outsiders to apply for the central bank's top job," Mr. Rangsan says in the report on June 23.

He says the committee will discuss whether and how long to reopen the deadline when it meets on June 25, but that the appointment will be completed before Mr. Veerathai’s five-year term ends on September 30.

If it decides against extending the deadline, the applicants will be scheduled to present their vision of the governor’s job to the committee next week.

The panel will then draw up a shortlist which will be presented by July 2 to Finance Minister Uttama Savanayana, who will select the candidate and seek Cabinet approval.

Quoting market rumours, the report says there were four applicants for the job, including deputy governors Mathee Supapongse and Ronadol Numnonda, and named the external applicants as Tongjai Thanachanan, former head of institutional business at Ayudhya JF Asset Management, and Suchart Techaposai, head of fixed income at Ayudhya JF Asset Management.

Mr. Veerathai was one of six external applicants for the job in 2015. A former International Monetary Fund economist, he was an adviser at the Thailand Development Research Institute before his appointment as Bank of Thailand governor.