Kasikornbank (KBank), Thailand’s second-largest lender by total assets, revealed a significant restructuring of its business operations. This includes the introduction of a new president, co-president, and a spin-off strategy.
KBank notified the Stock Exchange of Thailand (SET) yesterday about the appointment of Chongrak Rattanapian to the position of president and executive director, effective from August 29. Chongrak, with over 20 years of experience at KBank, previously held the role of executive vice president and chief financial officer (CFO). He is expected to oversee risk management and the bank’s environmental, social, and governance strategy.
Simultaneously, Rungruang Sukkirdkijpiboon’s appointment as co-president is under process and awaits the Bank of Thailand’s approval, according to an anonymous banking industry source. Rungruang…
