SCBX, the monetary expertise enterprise group of Siam Industrial Financial institution, has appointed Dr. Arak Sutivong as its subsequent CEO, efficient 1 January 2027.
He’ll succeed present CEO Arthid Nanthawithaya, whose time period concludes on 31 December 2026.
Dr. Arak is at present Deputy CEO of SCBX and in addition serves as CEO of SCB DataX.
He has held a number of management roles throughout the group, together with President, Chief Monetary Officer, and Chief Technique Officer of Siam Industrial Financial institution.
He was additionally the founding CEO of SCB 10X, the group’s enterprise capital arm, and later led InnovestX Securities.
With greater than 15 years of expertise throughout banking and expertise, Dr. Arak has performed a key function in shaping the group’s digital transformation and concentrate on information, AI, and innovation.
He additionally serves on the boards of nationwide monetary establishments together with the Thai Bankers’ Affiliation and ITMX.
This announcement comes on the heels of Financial institution of Thailand’s approval for a consortium comprising SCBX, WeTechnology, and KakaoBank to proceed with the institution of a digital financial institution.
Arthid Nanthawithaya, present CEO of SCBX, mentioned,
“Over the following 18 months, Dr. Arak will work intently alongside me to make sure continuity in our mission and strategic route.
He’ll actively take part in company planning and decision-making processes, contribute visionary concepts, and help the manager management throughout all entities throughout the group.”
Featured picture: Edited by Fintech Information Singapore, based mostly on picture by digitizesc through Freepik
