SET Overview

Board of Governors

Regulatory Framework

The SET Board of Governors is comprised of a maximum of eleven persons

Appointed by the SEC
6 preople
Union

Six of whom are appointed by the SEC

Elected by the SET members
4 preople
Union

Four who are elected by the SET members

SET President
  
1preople
Union

The SET President is appointed
by the Board and serves as an ex-officio member of the Board

The SET Board of Governors is comprised of a maximum of eleven persons, six of whom are appointed by the SEC, and four who are elected by the SET members. The SET President is appointed by the Board and serves as an ex-officio member of the Board. The SET Board of Governors is responsible for formulating policies and supervising operations in accordance with relevant laws; however, the modification of certain rules and regulations by the Board must be approved by a meeting of the member companies and/or the SEC.

As of 19 September 2024

Board Profiles

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Professor Kitipong Urapeepatanapong
Position Chairperson
Assume the position of Chairperson on 15 May 2024
Education
  • LL.B., Chulalongkorn University
  • Admitted as Thai Barrister-at-law
  • LL.M., Chulalongkorn University
  • Master of Laws, Chulalongkorn University
  • Master of Laws, The University of British Columbia
  • Honorary Doctorate Degree, Faculty of Law, Hatyai University
Executive Program
  • Top Executive Program in Commerce and Trade (TEPCoT), Class 1, Commerce Academy, University of the Thai Chamber of Commerce
  • Certificates:
    1. Directors Certification Program
    2. DCP Refresher Course
    3. Role of Chairman Program
    4. IT Governance and Cyber Resilience Program,
    Thai Institute of Directors Association
  • Certificate Executive Program, J.L. Kellogg School of Management, Northwestern University, USA
  • Certificate, Corporate Governance, Yale University, School of Management
  • Certificate, Capital Market Academy Leadership Program, The Stock Exchange of Thailand
Other Current Positions, Position in Listed Companies
  • Independent Director and Member of Governance and Nomination Committee, SCG Packaging Public Company Limited
  • Independent Director and Member of Risk Management Committee, Pruksa Holding Public Company Limited
Other Current Positions,  Position in Private Limited Companies or Other Businesses
  • Director, Independent director, Non-executive director, Chairman of Sustainability Development Committee, Member of Nomination and Remuneration Committee, CJ More Company Limited
  • Committee Member, Committee on Economic and Investment Stimulus Measures to Attract High Potential Foreigners to Thailand
  • Member of Advisory board of School of Law, University of the Thai Chamber of Commerce (UTCC)
  • Independent Director Member of the Audit Committee and Member of the Risk Management Committee, ThaiNamthip Corporation Company Limited
  • Member of the Hatyai University Council
  • Independent Director and Member of the Corporate Governance and Nomination Committee, SCG Chemicals Public Company Limited
  • Chairman, Thai Credit Retail Bank Public Company Limited
  • Chairman, VNB Holding Company Limited
  • Advisor, Baker & McKenzie Company Limited
  • Chairman and Independent Director, Chotiwat Manufacturing Public Company Limited
  • Member of the Sub-Committee, Office of Social Enterprise Promotion
  • Member of the Law Sub-Committee and Advisor to the Board of Investment, The Board of Investment of Thailand
  • Member of the Economics Situation Administration Committee, Center for COVID-19 Situation Administration (CCSA)
  • Audit Committee, Bangkok University
  • Member of the Professional Expert of Steering Committee, Office of the National Higher Education, Science, Research and Innovation Policy Council
  • Director, Thailand Institute of Justice (Public Organization)
  • Honorary Member of the National Reform Commission (Legal and member of the Critical Issues Committee)
  • Member of the Professional Expert Committee, National Commission for Justice Administration Development
  • Chairman, Cheevamitr Social Enterprise Company Limited
  • Vice President, National Reform Committee on Legal
  • Chairman, Tax and Regulatory Commission, Thai Chamber of Commerce
  • Director, Siam Piwat Retail Holding Company Limited
  • Executive Director, Siam Piwat Company Limited
  • Director, Business Strategic Holding Company Limited
  • Advisor, MULTI FAMILY OFFICE CO., LTD.
  • Committee, Chulalongkorn University Council
  • Executive Director, Thai Red Cross Society
  • Member of the Board of Investment
Past Experiences
  • Member of the Legal Committee, Member of the Nomination and Remuneration Committee and Member of the Sustainability Committee, The Stock Exchange of Thailand
  • Chairman, SET Venture Holding Co., Ltd.
  • Chairman, Baker & McKenzie Company Limited
  • Independent Director of Krungthai Bank Public Company Limited
  • Member of the National Reform Commission
  • Director, Rachakarn Asset Management Company Limited
  • Director, The Hub 99 Company Limited
  • Chairman, Thai Institute of Directors Association (IOD)
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Mr. Pichet Sithi-Amnuai
Position Vice Chairperson
Assume the position of Vice Chairperson on 5 February 2024
Education
  • Master of Education, Program in Early Childhood Education, Chulalongkorn University
  • Master of Business Administration, University of Texas at Austin, USA
  • Bachelor of Engineering (Industrial Engineering), Chulalongkorn University
Executive Program
  • Certificates:
    1. Director Leadership Certification Program
    2. Director Certification Program
    3. Audit Committee Program
    4. Role of the Compensation Committee
    5. Corporate Governance for Capital Market Intermediaries
    6. Monitoring Fraud Risk Management
    7. Monitoring the Internal Audit Function
    8. Monitoring the Quality of Financial Reporting
    9. Successful Formulation & Execution the Strategy
    10. Anti – Corruption for Executive Program and
    11. What the Board Should Do in a Turnaround Situation,
    Thai Institute of Directors Association
  • Certificate, TLCA Leadership Development Program
  • Certificate, TLCA Executive Development Program
  • The Executive Program in Energy Literacy for a Sustainable Future, Thailand Energy Academy
  • Business Revolution and Innovation Network, The Federation of Thai Industries
  • Certificate, Capital Market Academy Leadership Program, The Stock Exchange of Thailand
Other Current Positions, Position in Listed Companies
     
  • Director, Harn Engineering Solutions Public Company Limited
Other Current Positions, Position in Private Limited Companies or Other Businesses
  • Director, Thailand Futures Exchange Public Company Limited
  • Director, CMDF Digital Infrastructure Company Limited
  • Chairperson of the Risk Management Committee, Member of the Information Technology Committee and Member of the Securities Investor Protection Fund Committee, The Stock Exchange of Thailand
  • Member, Derivatives Investor Protection Funds Sub-Committee, Thailand Futures Exchange Public Company Limited
  • Vice Chairperson and Member of the subcommittee, The SET Foundation
  • Director and Chairman,  Association of Thai Securities Companies  
  • President, Bualuang Securities Public Company Limited
  • Director and Chairman of Risk Management Committee, TSFC Securities Public Company Limited
  • Director, SS Family Holding Company Limited
  • Director, HO HO Kitchen Company Limited
  • Director, ASCO Business Promotion Company Limited
Past Experiences
  • Independent Director and Chairman of the Audit Committee, Mermaid Maritime Public Company Limited
  • Managing Director, Play & Music Company Limited
  • Member, Business Conduct Sub-committee, Thailand Clearing House Company Limited
  • Specialist, Thai Listed Companies Association’s representative; Appeals Committee, The Stock Exchange of Thailand
  • Independent Director and Chairman of the Audit Committee, Mermaid Maritime Public Company Limited
  • Director, Master Franchise of Gymboree Play & Music in Thailand, Play & Music Company Limited
  • First Vice President of Corporate Finance Department, Jardine Fleming Thanakom Securiities Company Limited
  • Assistant General Manager, International Business Division, MMC Sittipol Company Limited
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Professor Dr. Kittipong Kittayarak
Position Governor
Assume the position of governor on 5 August 2022
Education
  • Doctor of the Science of Laws (J.S.D.), Stanford University, USA (Fulbright Scholarship)
  • Master of Laws (LL.M.), Harvard University, USA (Fulbright Scholarship)
  • Barrister-at-Law, Institute of Legal Education, Thai Bar Association
  • Master of Laws (LL.M.), Cornell University, USA (Royal Thai Government Scholarship)
  • Bachelor of Laws (Honors), Chulalongkorn University
Executive Program
  • Certificates:
    1. Director Accreditation Program
    2. Advanced Audit Committee Program,
    Thai Institute of Directors Association
Other Current Positions, Position in Listed Companies
  • Independent Director, Chairman of the Corporate Governance and Social Responsibility Committee and Member of the Compliance Committee, Krung Thai Bank Public Company Limited
  • Independent Director / Nomination, Remuneration and Corporate Governance Committee, Dusit Thani Public Company Limited
  • Independent Director, Member of Audit Committee, Member of Corporate Governance and Sustainable Development Committee, Charoen Pokphand Foods Public Company Limited
  • Independent Director, Member of the Nomination and Remuneration Committee, and Chairman of the Corporate Governance Committee, True Corporation Public Co., Ltd.
Other Current Positions,  Position in Private Limited Companies or Other Businesses
  • Chairperson of the Sustainability Committee and Member of the Legal Committee, The Stock Exchange of Thailand
  • Chancellor, King Mongkut’s Institute of Technology Ladkrabang
  • Chairman, The Council of Bangkok University
  • Vice Chairman and Member of Executive Committee, Friends in need (of “PA”) Volunteers Foundation, The Thai Red Cross Society Executive Committee
  • Member of Executive Committee, Bajrakitiyabha Fund for Legal Education
  • Director, Siriraj Piyamaharajkarun Hospital
  • Director, Ramathibodi Foundation Under the Royal Patronage of His Majesty the King, Her Royal Highness Princess Maha Chakri Sirindhorn
  • Deputy Chairman, The Legal Committee, Thai Red Cross Organ Donation Center
  • Member of the Board of Committee, Thai Bar under the Royal Patronage
Past Experiences
  • Independent Director/Chairman of the Audit Committee, PTT Public Company Limited
  • Executive Director, Thailand Institute of Justice (Public Organization)
  • Vice Chairman, Mahidol University Council
  • Committee, Mahidol University Council
  • Permanent Secretary, Ministry of Justice
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Mr. Komkrit Kietduriyakul
Position Governor
Assume the position of governor on 5 February 2024
Education
  • New York University (LLM, International Legal Studies, 1994)
  • Cornell University (LLM, Corporation and Securities Regulation, 1993)
  • The Law Society of Thailand (1992)
  • The Thai Bar Association (1991)
  • Chulalongkorn University (LLB, honors, 1990)
Executive Program
  • MIT Management Sloan School (Blockchain Technologies: Business Innovation and Application, 2021)
  • OIC Advanced Insurance Institute, Office of Insurance Commission (Thailand Insurance Super Leadership Program, 2020)
  • Commercial Academy, The University of the Thai Chamber of Commerce (Top Executive Program in Commerce and Trade : TEPCoT, 2016)
  • OIC Advanced Insurance Institute, Office of Insurance Commission (Thailand Insurance Leadership Program, 2013)
  • Capital Market Academy Leadership Program, The Stock Exchange of Thailand (CMA 2011)
Other Current Positions, Position in Listed Companies
    -
Other Current Positions, Position in Private Limited Companies or Other Businesses
  • Director, Baker & McKenzie Co., Ltd.
  • Partner, Baker & McKenzie Co., Ltd.
  • Advisor and Member, ISDA Asia-Pacific Legal and Regulatory Committee, International Swaps & Derivatives Association Inc (ISDA)
  • Advisory Board to the Investment Banking Club, Association of Thai Securities Companies (2019 – present)
Past Experiences
  • Member, Subcommittee for the Supervision and Examination Group No. 3, Anti-Money Laundering Office (AMLO)
  • Member, Subcommittee for the Legal Reform for Digital Economy and Society, Strategic Transformation Office (STO)
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Mr. Rawin Boonyanusasna
Position Governor
Assume the position of governor on 5 February 2024
Education
  • MSC. in Financial Engineering and Quantitative, University of Reading, United Kingdom
  • MA. in International Economics and Finance, Chulalongkorn University
  • BA. in Economics, Thammasat University
Executive Program
  • Innovation Insights for Stanford University and the Silicon Valley : US ปี 2023
  • Cyber Security Awareness for  Executive  ปี 2022
  • Director Accreditation Program (DAP) 2020 , Thai Institute of Directors (IOD)
  • Executive Talk 2019
  • Blockchain & Bitcoin for Management 2018
  • Bank of Thailand’s Treasury Dealer Course 2017
  • Bond Trader’s Refresher Course 2017
  • Inspirational Leadership Course 2017
  • Media Training for Spokespersons Course 2017
  • KTB executive refining program 2016
  • Customer Segmentation and Micro Segment Analytics by SAS 2016
  • Strategic Planning Workshop 2015
  • Creating the Performance-Driven Organization 2015
Other Current Positions, Position in Listed Companies
       -

Other Current Positions, Position in Private Limited Companies or Other Businesses
  • Chairperson, SET Venture Holding Company Limited
  • Director , CMDF Digital Infrastructure Company Limited
  • Director , ThaiBond Market Association
  • Member of Market Practice Subcommittee , ThaiBond Market Association
  • Director and Executive Director, Krungthai XSpring Securities Co., Ltd.
  • Compensation and Nomination Director , Krungthai XSpring Securities Co., Ltd.
  • Director , Krungthai-AXA Life Insurance Pcl.
  • Chairman of Investment Committee , Krungthai-AXA Life Insurance Pcl.
  • Head of Global Markets Group, Krung Thai Bank Pcl.
Past Experiences
  • Director , Infinitas By Krungthai Co., Ltd.
  • Senior Executive Vice President, Head of Global Markets Group, Krung Thai Bank Pcl.
  • First Executive Vice President , Head of Global Markets Group , Krung Thai Bank Pcl.
  • Executive Vice President Team Leader , Trading Team, Global Markets Group, Krung Thai Bank Pcl.
  • Head of Capital Market Product Trading, Thai Military Bank Pcl.
  • Head of Global Markets , The Royal Bank of Scotland, N.V., Thailand
  • Head of Trading , Bank of America , N.A. , Thailand
  • Director, Rates Trading , BNP Paribas
  • Vice President, Rates Trading , Merrill Lynch
  • Vice President, Rates Trading , Morgan Stanley
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Mr. Thiti  Tantikulanan
Position Governor
Assume the position of governor on 5 August 2019
Education
      Bachelor’s degree (Business Administration), University of Washington, USA
Executive Program
  • Certificate, Corporate Governance for Capital Market Intermediaries, Thai Institute of Directors Association
  • Certificate, Thailand Insurance Leadership Program, OIC Advanced Insurance Institute
  • Certificate, Capital Market Academy Leadership Program, The Stock Exchange of Thailand
Other Current Positions, Position in Listed Companies
       -
Other Current Positions, Position in Private Limited Companies or Other Businesses
  • Chairperson of the Risk Management Committee, Member of the Nomination and Remuneration Committee and Member of the Information Technology Committee, The Stock Exchange of Thailand
  • Executive Chairman, Kasikorn Securities Public Company Limited
  • Capital Markets Business Division Head, Kasikornbank Public Company Limited
  • Director, ASCO Business Promotion Company Limited
  • Director, Association of Thai Securities Companies
  • Director, The SET Foundation
Past Experiences
  • Director, TRIS Corporation Limited
  • Member, Information Technology Management Committee and Member, Legal Committee, The Stock Exchange of Thailand
  • First Senior Vice President - Executive Vice President and Senior Vice President, Kasikornbank Public Company Limited
  • Director and Member of the Audit Committee, The Thai Bond Market Association.
  • Vice President and Head of Trading, HSBC, Bangkok
  • Vice President and Head of Trading, JP Morgan, Bangkok
  • Vice President and Head of FX Trading, Citibank, Bangkok
  • Trader, Standard Chartered
  • Officer, Bangkok Bank
  • President, ACI Thailand
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M.L. Thongmakut Thongyai
Position Governor
Assume the position of governor on 5 August 2024
Education
  • Master of Business Administration, The American University, Washington D.C  U.S.A. 
  • Bachelor of Design in Industrial Design, The University of South Australia, Adelaide, Australia
Executive Program
  • Corporate Governance for Capital Market Intermediaries (CGI) 13/2016 (English Program)
  • DAP - Directors Accreditation Program  DAP 70/2008
  • Graduate of the Capital Markets Academy (CMA13)
Other Current Positions, Position in Listed Companies    

  • Director, Member of the nomination and remuneration committee, Nirvana Development Pubplic Company Limited


Other Current Positions, Position in Private Limited Companies or Other Businesses
  • Chief Executive Officer, Krungthai XSpring Securities Co., Ltd.
  • Deputy Chief Executive Officer, XSPRING Capital PCL.
  • Board of Director, The Association of Thai Securities Companies
  • Director, Nirvana Daii Public Company Limited (NVD)
Past Experiences
  • Managing Director, Krungthai ZMICO Securities Co., Ltd.
  • Chief Executive Officer, SCB Securities Co., Ltd.                                           
  • Head of Equities / Managing Director, Citicorp Securities Thailand
  • SVP, Head of Sales - Trading, CLSA Securities Thailand
  • AVP, Institutional Equities Sales, Securities One PLC. (KGI
  • Lecturer, Marketing Management BBA., Thammasart University
  • Board of Director, TSFC Securities Public Company Limited.
  • Board of Director, The Association of Thai Securities Companies
  • Member of Committee, Ruamchit Normklao Foundation (for Children and Youth) under Her Majesty’s Royal Patronage (Walk Rally charity in celebration of his Majesty the King Bhumipol 88th birthday Project)
  • Honorary Volunteer of Department of Probation, Ministry of Justice
  • Advisor to Chairman, Committee on Monetary. Finance, Banking and Financial Institutions, The House of Representatives
  • President of the Foreign Brokers Association, representing the existing licensed foreign brokers in Thailand.
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Mr. Supachoke Supabundit
Position Governor
Assume the position of governor on 5 August 2019
Education
  • Master of Business Administration (Finance and Strategy) Sasin Graduate Institute of Business Administration of Chulalongkorn University
  • Bachelor of Arts (Economics) Boston University, USA
Executive Program
  • Certificate, Director Accreditation Program (170/2020), Thai Institute of Directors Association
  • Certificates:
    1. Thailand Insurance Super Leadership Program (1/2020),
    2. Thailand Insurance Leadership Program (5/2016),
    Office of Insurance Commission (OIC)
  • Certificate, Executive Development Program (EDP 10/2012), Thai Listed Companies Association (TLCA)
  • Certificate, Capital Market Academy Leadership Program, The Stock Exchange of Thailand
Other Current Positions,  Position in Listed Companies
  • Member of the Executive Committee, Kiatnakin Phatra Bank Public Company Limited
Other Current Positions, Position in Private Limited Companies or Other Businesses
  • Director, KKP Capital Public Company Limited
  • Director and President, Kiatnakin Phatra Securities Public Company Limited
  • Director, Kiatnakin Phatra Asset Management Company Limited
  • Director, KKP Dime Securities Company Limited
  • Director, ASCO Business Promotion Company Limited
  • Director, Association of Securities Companies
  • Director, Phuket Suite Pavilion Company Limited
  • Director, Paholyothin Suite Company Limited
  • Director, Sub Supabundit Company Limited
Past Experiences
  • President, KKP Capital Public Company Limited
  • Managing Director Investment Banking & Capital Markets Group, Kiatnakin Phatra Securities Public Company Limited
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Miss Sopawadee  Lertmanaschai
Position Governor
Assume the position of governor on 5 August 2019
Education
  • Master of Science (Accounting), Thammasat University
  • Bachelor of Law, Thammasat University
  • Bachelor of Science (Accounting), Thammasat University
Executive Program
  • The Wharton Advanced Management Program, University of Pennsylvania, USA
  • Certificates:
    1. Director Certification Program;
    2. Director Accreditation Program;
    3. Audit Committee Program;
    4. Corporate Governance for Capital Market Intermediaries;
    5. Director Certification Program Update and
    6. Successful Formulation and Execution of Strategy,
    Thai Institute of Directors Association
  • King Prajadhipok’s Institute, Intermediate Certificate Course in Good Governance for Executives
  • Certificate, Capital Market Academy Leadership Program, The Stock Exchange of Thailand
Other Current Positions, Position in Listed Companies
  • Independent Director and Chairperson of Audit Committee, Central Plaza Hotel Public Company Limited
  • Independent Director and Chairperson of Audit Committee, Maybank Securities (Thailand) Public Company Limited
  • Independent Director and Chairperson of Audit Committee, JSP Pharmaceutical Manufacturing (Thailand) Public Company Limited  
Other Current Positions, Position in Private Limited Companies or Other Businesses
  • Chairperson of the Audit Committee, Member of the Nomination and Remuneration Committee and Member of the Corporate and Sustainability Committee, The Stock Exchange of Thailand
  • Member, The SET Foundation
  • Director and Secretary, Professor Sangvian Indaravijaya Foundation
  • Director, Chotiwat Manufacturing Public Company Limited
  • Chairperson and Independent Director, KTBST REIT Management Company Limited
  • Advisor to Chairman of the Board of Directors and Member of the Investment Committee, Dhipaya Insurance Public Company Limited
Past Experiences
  • Chairperson and Director of Audit Committee, Cheese Digital Network Company Limited
  • Independent Director and Member of The Audit Committee, Intouch Holdings Public Company Limited
  • Independent Director, Dohome Public Company Limited
  • Director and Chairperson of Audit Committee, Metropolitan Electricity Authority
  • Director and Executive Directors, Government Pharmaceutical Organization
  • Commissioner, The Securities and Exchange Commission, Thailand
  • Secretary General, Government Pension Fund
  • Director, IRPC Public Company Limited
  • Director, Nok Airlines Public Company Limited
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Mr. Varah Sucharitakul
Position Governor
Assume the position of governor on 4 July 2024
Education
  • Master of Business Administration University of New Hampshire, USA
  • Bachelor of Engineering, Mechanical Engineering, Chulalongkorn University
Executive Program
  • Certificates:
    1. Director Certification Program (DCP) 21/2001;
    2. Company Secretary Program (CSP) 27/2008;
    3. Corporate Governance for Capital Market Intermediaries (CGI) 17/2016
    Thai Institute of Directors Association
Other Current Positions, Position in Listed Companies
  • Director, Member of the Executive and Risk Oversight Board, Finansia X Public Company Limited
  • Independent Director, Chairman of Investment Committee, Remuneration Committee Director, Bangkok Aviation Fuel Services Public Company Limited
Other Current Positions, Position in Private Limited Companies or Other Businesses
  • Vice Chairman, Chairman of the Executive and Risk Oversight Board, Member of the Nomination, Remuneration, Corporate Governance and Sustainability Committee, Finansia Syrus Securities Public Company Limited
  • Chairman and Director, Finansia Digital Asset Co., Ltd. 
  • Director, SBI Royal Securities Plc, Combodia
  • Chairman and Director, Finansa Securities Ltd.
  • Director, BAFS Clean Energy Corporation Co., Ltd.
  • Board of Director, Board of Trustees, Board of Executive Committee, Vajiravudh College
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Mr. Asadej Kongsiri
Position President
Assume the position of President on 19 September 2024
Education
  • Master of Business Administration, Financial Management Track, Sloan School of Management, Massachusetts Institute of Technology, USA
  • Bachelor of Mechanical Engineering, University of Manchester, United Kingdom
Executive Program
  • Certificate, Director Certification Program, Thai Institute of Directors Association
Other Current Positions, Position in Listed Companies
     -
Other Current Positions, Position in Private Limited Companies or Other Businesses
  • Director, Capital Market Development Fund
  • Vice Chairman, Sem Pringpuangkeo Foundation
Past Experiences
  • Lead Partner, Financial Advisory, Deloitte Thailand
  • Managing Director, Investment Bangkok, Finansa Securities Limited
  • Head of Thailand, Bank of America Merrill Lynch
  • Vice President, Investment Banking, JP Morgan, Thailand
  • Financial Management Officer and Insurance Secretary (Seconded from PTT Public Company Limited), Trans Thai-Malaysia (Thailand) Limited
  • Associate, Investment Banking, JP Morgan, Hong Kong
  • Project Engineer, PTT Gas Business Unit, PTT Public Company Limited