SCB 10X, Siam Commercial Bank’s (SCB) arm and holding company of SCB Group, said Thursday it had tapped its Chief Venture and Investment Officer, Mukaya (Tai) Panich to succeed its former CEO Arak Sutivong.
Panich will retain her role as CIO on top of her new position as the arm’s chief, SCB 10X said.
“It takes a while for all these types of investments and technologies to come to fruition,” Panich said.
Under her stewardship, SCB 10X will continue to grow its team to achieve its “moonshot mission,” the venture arm said.
That mission refers to the arm’s creation of long-term value through exponential technologies, innovations, and investment via venture capital and venture building, according to its website.
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