Mr. Kongkiat Opaswongkarn Ph.D., the new FeTCO Chairman, said that during his 2-year term, he’ll continue to pursue the FeTCO’s missions as determined by its 6 member organizations: the Association of Securities Companies (ASCO), Listed Companies Organization, Association of Investment Management Companies (AIMC), Securities Analysts Association (SAA), Thai Investors’ Association (TIA), and The Stock Exchange of Thailand (SET). The FeTCO’s primary stated mission is to develop the Thai capital market into a strong foundation for the Thai economy.
“As a nonaligned organization, FeTCO will liaison with all relevant organizations to create a powerful collective force which will effectively represent all its member organizations in proposing policy suggestions to drive market development. This development will focus on 3 aspects—1) Achieving the full potential of the capital market’s professionals, e.g., analysts and marketing representatives, to work with high ethical principles and internationally-accepted standards of quality for the benefit of the public and all other relevant parties, 2) Assisting in implementing the government’s policies and encouraging a more effective collaboration between the public and private sectors, and 3) Helping create competitive advantages for businesses in the capital markets, so as to increase their ability to better cope with the growing and diversifying challenges of the free trade environment. The FeTCO will also work closely with the Thai Chamber of Commerce, Federation of Thai Industries and the Thai Bankers’ Association,” the new FeTCO chairman said.
“In addition to improving the industry’s professional standards up to internationally- accepted levels, the FeTCO will actively participate in activities and programs based on the Thai government’s policies to contribute to the betterment of the society as a whole. The FeTCO, for instance, will actively promote the government’s energy-saving campaign. The members of the FeTCO have been asked to cooperate in undertaking numerous charitable activities so as to set an example and act as a model for other organizations”, he continued.
The FeTCO board is comprised of 11 members- the Chairman, four vice chairmen and six members, including the member/secretary. The Presidents of the six member organizations, including the SET’s President, are ex-officio FeTCO directors. Another 5 directors will be appointed from the boards of member organizations.
FeTCO’s chairman, and its other directors, will have 2 year terms and may be re-appointed for no more than 2 consecutive terms.
