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1 August 2018

           SCB Asset Management Co., Ltd. (SCBAM) has appointed Mr. Narongsak Plodmechai, Managing Director & Chief Investment Officer, SCBAM Investment Division, as Chief Executive Officer replacing Mr. Smith Banomyong, with effect from August 1, 2018.

           With over 20 years of investment management experience, Mr. Narongsak has been with SCBAM since 2011, entrusted to manage both the Foreign Investment and Investment Product Strategy Group and the Equity Investment Group. He has been named CIO of the Year by Asia Asset Management's Best of the Best Awards (Thailand) for 4 straight years (2015-2018). Asia Asset Management is Asia’s leading investment magazine.

           Prior to joining SCBAM, Mr. Narongsak served as Deputy Chief Investment Officer at American International Assurance Co., Ltd. and was Senior Director of the Government Pension Fund. He also has expertise in investment management as a fund manager.

           With a Bachelor of Arts in Social Science from Chiang Mai University, Mr. Narongsak furthered his studies and obtained a Master of Arts in Economics from Western Michigan University in the USA. He also finished accredited investment courses and received licenses as a fund manager, investment planner, and fundamental investment securities analyst.