Pridiyathorn's Balancing Act

Copying and distributing are prohibited without permission of the publisher

Pridiyathorn's Balancing Act

December 01, 2004 (Last updated: November 26, 2008)

In the three and a half years since he was appointed governor of the Bank of Thailand, M.R. Pridiyathorn Devakula has walked the high wire as he has sought to reform the crisis-hit central bank whilst pursuing an independent monetary and exchange rate policy. But against all the odds, the 57-year-old career banker has so far pulled it off. By Ben Davies.

The lift stops on the fourth floor of the Bank of Thailand in Bangkok's crowded Samsen district. The doors open revealing a long corridor that leads towards the office of the governor. The walls and adjoining meeting rooms are filled with portraits of...

This content is only available to Asiamoney PLUS subscribers or trialists.

If you have a username and password, you can login here.

Otherwise, please take a free trial or subscribe for unrestricted access.

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now

Free trial

Taking a free trial will give you access to the last 30-days of content (excluding some polls & awards articles), for two weeks. Start your trial today.

Free Trial

SOUTHEAST ASIA DCM

Rank

Bookrunner Parents

Deal Value $ (Proceeds) (m)

No.

%share

2012 YTD Rank

HSBC

4,160

8.3

Standard Chartered Bank

4,110

8.2

Goldman Sachs

3,666

7.3

Deutsche Bank

3,354

6.7

Citi

2,774

5.5

DBS

2,341

4.6

JPMorgan

2,288

4.5

CIMB Group

2,095

4.2

Siam Commercial Bank

1,835

3.6

RHB Capital Bhd

1,688

3.4

Subtotal

28,311

161

56.2

Total

50,423

249

100.0

Asiamoney Views

CIPS is not cause for celebration, yet – opinion

19 Jun 2013 | The City of London anticipates the CIPS settlement platform will buttress the UK renminbi activity. Yet London’s high hopes need to be checked until China provides some clarity.
Jakarta should exploit Sibor scandal to lure FX onshore – opinion

18 Jun 2013 | Indonesia’s central bank should take advantage of the Sibor controversy to deepen its onshore FX market, in order to relieve mounting pressure on the rupiah.
JGBi success is all about timing – opinion

17 Jun 2013 | The uncertain-nature of Japan’s recovery raises questions about whether issuing inflation-linked bonds this year is the best idea. Much better would be for the government to adopt a ‘wait-and-see’ approach.
Asia clearing systems need serious facelift – opinion

10 Jun 2013 | Upgrading Asia’s clearing systems to interact with the ISO20022 standard is crucial for the long-term development of the region as information flows will be streamlined, recycling cash at a faster rate.

Upcoming events