Banks, insurer make key appointments

Three major local banks and a leading insurer announced yesterday the appointment of new executives in response to customer demand amid the changing financial landscape.

Siam Commercial Bank (SCB) informed the Stock Exchange of Thailand on Friday about executive management changes including the appointment of Kris Chantanotoke as chief executive, effective from Aug 1 this year.

According to the statement, Mr Kris, who is currently chief executive of AIA Thailand, has extensive experience in the finance and banking sector, wealth management and the insurance industry.

The appointment was approved by the SCB’s board of directors meeting on Jan 21, in line with SCB financial group’s restructuring plan and rearrangement of the senior management structure.

SCB’s extraordinary general meeting of shareholders in November last year gave the green light to the group’s…