Kasikornbank (KBank) has announced the appointment of a new president and co-president, along with a restructuring of its business operations under a spin-off strategy. KBank, the country's second largest lender by total assets, on Monday informed the Stock Exchange of Thailand (SET) of the appointment of Chongrak Rattanapian as president and executive director to fill a vacant position, effective as of Aug 29, 2023. KBank's co-president position is expected to be filled by Rungruang Sukkirdkijpiboon, whose appointment is at present undergoing due process and awaiting the Bank of Thailand's formal approval, said a banking industry source who requested anonymity.
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