Maybank Names Arapat Sangkharat as Acting CEO Following Montree Sornpaisarn’s Retirement

Maybank Kim Eng Securities (Thailand) Public Company Limited (MBKET) wishes to announce that Mr. Montree Sornpaisarn will retire as its Chief Executive Officer (CEO) effective from 1 July 2021.

A new CEO will be appointed in due course to ensure the continued execution of MKE Thailand’s 5-year plan. In the interim, Mr. Arapat Sangkharat, Deputy CEO, MKE Thailand has been appointed as Officer-in-Charge.

Dr. Areepong Bhoocha-oom, Chairman, MKE Thailand, said: “On behalf of the Board and Management of MKE Thailand, we would like to thank Khun Montree for his numerous contributions towards building MKE Thailand into one of ASEAN’s most successful securities firms. While we are sad to see him go, we respect his decision to opt for early retirement and we wish him all the best in his future endeavours.”

Mr. Montree joined MKE Thailand (then known as Kim Eng Securities (Thailand) Plc.) in 2001 as Chief Executive Officer responsible for the overall brokerage and investment banking business, the derivatives department and new business development. During his tenure, MKE Thailand grew to become one of ASEAN’s most successful securities firms, having led market share for 16 years from 2002 till 2017 and regularly winning Best Broker in Thailand. He oversaw the launch of Investment Management in February this year, marking the evolution of the firm’s brokerage business.

“I would like to thank the Board of MKE Thailand, my fellow colleagues and all our clients and business partners for their tremendous support all this time. It has been a truly memorable journey and the highlight of my career to see MKE Thailand grow and transform over many market cycles. While it is now time for me to move on to other pursuits, I am confident that I leave MKE Thailand in very capable hands and in a position of strength as the Maybank Kim Eng Group celebrates its 10th anniversary this year,” Mr. Montree said.

Mr. Arapat joined MKE Thailand in August 2020 as Deputy CEO and as Regional Head, Transformation for Maybank Kim Eng Group. He has over 20 years’ experience in banking and management consulting in Asia and the US, having held roles in Siam Commercial Bank, Krungthai Bank, Deloitte and PwC.