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Thailand's new chief of Market for Alternative Investment seeks growth.
Nov. 1--For the past year, Vichate Tantiwanich has been preoccupied with screening book contracts, approving cartoon colour schemes and brainstorming new promotional activities for schoolchildren. As head of Family Know-How, the media subsidiary of the Stock Exchange of Thailand, Mr Vichate has served the Thai capital market's efforts to educate the public and expand the investor base.
Now the 43-year-old financier faces a potentially bigger challenge, to help bring the fledgling Market for Alternative Investment out of the shadow of the larger SET.
Established in 2001 as a new market for small and medium-sized enterprises, the MAI has grown modestly over the past several years, with 21 listed companies compared with more than 430 on the larger SET.
Trading liquidity on the MAI remains paltry, with average turnover of around 351 million baht per day in September compared with 20.8 billion for the SET. Market capitalisation for the entire ...
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