Who Could Be Thailand’s Finance Chief? Thaksin’s Daughter, Bankers Among Hopefuls

Paetongtarn Shinawatra, the youngest daughter of former premier Thaksin Shinawatra, former finance chief Kittiratt Ra-Ranong, Arthid Nanthawithaya, chief executive of SCB X Pcl, and Payong Srivanich, who heads state-run Krung Thai Bank Pcl, are probable candidates, according to analysts and local media.

The choice of the finance chief and measures to accelerate growth will be keenly watched by investors, who have fled Thailand since the May election. The finance chief’s first challenge will be to finalize the state budget for the fiscal year starting Oct. 1 in the backdrop of a slowdown in China, Thailand’s top trading partner, a looming drought and near-record household debt. Data this week showed the economy grew at 1.

Srettha is an economics graduate from the University of Massachusetts and holds an MBA from Claremont Graduate School in the US. He worked at luxury builder Sansiri Pcl for more than three decades before resigning as its president and chief executive in April. While a minister, his reputation was sullied by constant clashes with the central bank governor, stemming from their opposing economic views. In 2013, Kittiratt told reporters that he had contemplated firing Prasarn Trairatvorakul, the central bank governor at the time.After having been passed over for the prime minister’s job, 37-year-old Paetongtarn, may be looking to gain some experience as a minister.

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