Thailand Picks Capital Markets Veteran as Finance Chief
- Prime Minister Srettha relinquishes finance minister’s job
- Srettha revamps cabinet months into his four-year term
Pichai Chunhavajira in 2007.
Photographer: Udo Weitz/Bloomberg
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Prime Minister Srettha Thavisin named capital markets veteran Pichai Chunhavajira as Thailand’s new finance minister in an appointment that may ease tensions between the premier and the central bank over monetary policy.
Pichai was also named deputy prime minister with immediate effect in a cabinet reshuffle announcement published on the Royal Gazette’s website on Sunday. He takes over the finance minister position from Srettha, who held dual roles since being sworn in as head of an 11-party coalition in September.