Mr. Vicharat Vichit-Vadakan, SET President, declared that the Stock Exchange of Thailand has reorganized its internal structure and administrative systems, with the aim of enhancing service efficiency for listed companies, member firms and investors. This reorganization will also improve SET operations, and assist the Exchange in its long-term competition efforts with other international stock markets. The SET’s new structure is divided into four main business units: 1) Marketing & Strategy Development, 2) Market Operations, 3) Regulations and Risk Management, and 4) Support. This new structure became effective January 2001.
Each SET business unit comprises divisions, with the respective division heads as listed below:
Marketing & Strategy Development comprises two divisions: Marketing and Strategy and Business Development. The Marketing Division is under the supervision of Mr. Yuth Vorachattarn, Executive Vice President and Managing Director of Market for Alternative Investment (MAI). The Strategy & Business Development Division is temporarily under the supervision of Mr. Vicharat Vichit-Vadakan, SET President.
Market Operations comprises two divisions: Market Operations and the Thailand Securities Depository Co., Ltd. The Market Operations Division is under the supervision of Miss Sopawadee Lertmanaschai, Senior Vice President. The Thailand Securities Depository Co., Ltd. is under the supervision of Mrs. Nongram Wongwanich as the company’s Managing Director.
Regulations and Risk Management is under the supervision of Mrs. Patareeya Benjapolchai, Senior Vice President.
Support comprises two divisions: Information Technology and Finance & Administration. The Information Technology Division is under the supervision of Dr. Surat Palalikit, Executive Vice President. The Finance & Administration Division is temporarily under the supervision of Mr. Vicharat Vichit-Vadakan, SET President.
SETTRADE.COM Co., Ltd., the new SET subsidiary, will be under the supervision of Mr. Somkid Jiranuntarat as the company’s Managing Director. The Internal Audit Department will report directly to the Audit Committee, and the Corporate Secretary will be under the supervision of Mr. Suthichai Chitvanich, Senior Vice President.
Mr. Vicharat said, “The SET’s restructuring of its organizational and administrative systems is clearly focused on the enhancement of our organization’s efficiency in providing services for all parties involved in the securities business. Setting up our new Marketing Division is aimed at expanding our investor base, developing new products for the market, and preparing the SET to compete with other international stock markets in the long term.”
