Sarut Ruttanaporn will become CEO of Siam Commercial Bank from 1 May 2026.

The bank’s parent company SCBX confirmed the appointment as part of a leadership transition.

Kris Chantanotoke will complete his contract term and will not seek renewal.

Sarut has more than 30 years of experience in financial services across money markets, capital markets, retail banking, and corporate banking.

He currently serves as CEO of CardX, a consumer finance company established by SCBX in 2022, which he helped build from its inception.

In that role, he helped establish the company’s technology infrastructure, risk management framework, and customer experience model to support the group’s consumer finance business.

Before leading CardX, Sarut held several senior roles at Siam Commercial Bank, including President, Senior Executive Vice President and Head of the Retail Segment and Branch Network, and First Executive Vice President and Head of the Corporate Segment.

Earlier in his career, he worked at global financial institutions focusing on structured financial solutions and corporate relationship management.

Arthid Nanthawithaya, Chief Executive Officer of SCBX, said,

“Mr Sarut will bring a comprehensive blend of experience, strategic depth, and leadership capability.

His strong track record across multiple business segments makes him well-equipped to lead Siam Commercial Bank through this important transition and drive the bank forward in alignment with SCBX Group’s long-term strategic direction.”

SCBX said it has finalised the selection of a successor for the CEO role at CardX. The nomination is under review and approval.

Featured image: Edited by Fintech News Singapore, based on image by lifeforstock via Freepik