Thai Bourse President to Boost Competitiveness and Fulfill Customer Needs
The Stock Exchange of Thailand (SET)’s eleventh president, Mr. Charamporn Jotikasthira,set the Exchange’s goal as being to enhance SET’s competitiveness to draw investments to the Thai capital market. SET will focus on meeting customer expectations by increasing efficiency of fund-raising for listed companies, increasing market access for local and international investors, and introducing new products to increase brokers’ business opportunities. In the same time, SET will continue to support education, operate with good corporate governance and ethics, and have social responsibility, as well as developing SET personnel to increase SET competency.
Mr. Charamporn revealed that becoming SET President is a challenge and he sees many growth opportunities for SET. SET will focus on strengthening its three valuable assets (1) strong networks of listed firms, investors, and member companies, (2) reliable and resilient IT technology, and (3) highly-competent employees.
“One important mission is to segment and understand our customers – listed companies, investors, and member companies, in order to serve them right. For local and international investors, SET must provide more market access and more new products. This will, in turn, help brokers to have more business. To benefit listed companies, we will improve the efficiency of fund-raising.
Most importantly, SET must continue to move towards international levels in order to draw enormous investments from global investors to come to the Thai bourse”, said Mr. Charamporn.
SET’s focus as outlined above will support 2010’s four main strategies – enhancing market quality and integrity, increasing liquidity, building a foundation for future development, and continuing SET’s demutualization, which has been approved by the Cabinet.
For long-term capital market development, SET will continue to promote investment education, corporate governance, and corporate social responsibility through the work of the Capital Market development Fund.
The SET president said that he is confident in SET’s growth opportunities, as well as its highly-capable executives and staff which have proven their professionalism in keeping operations running efficiently and without interruption through crises, including the recent one.
Complimenting the SET team, Mr.Charamporn believed that it will enable SET to grow and be a mainforce effectively driving the Thai economy.