(Bloomberg) — Thailand named a new finance minister to help shape the government response to the pandemic-driven recession, one of a number of changes in a wider Cabinet reshuffle.
Predee Daochai, former co-president of Kasikornbank Pcl, will take on the Finance Ministry portfolio, according to a Royal Gazette statement Thursday. Supattanapong Punmeechaow, a former senior executive of PTT Pcl, was named a deputy prime minister and is in charge of the Energy Ministry. The reshuffle also saw Foreign Affairs Minister Don Pramudwinai elevated to a deputy prime minister role.
Predee and Supattanapong will join newly named central bank governor Sethaput Suthiwart-Narueput in shaping Thailand’s response to the virus outbreak as the tourism- and trade-reliant nation faces one of the worst outlooks in emerging Asia. The Finance Ministry predicts gross domestic product will shrink by 8.5% this year, its worst contraction ever.
“One key challenge ahead for Predee is building enough
As an infant, Mijanou Spurdle took her naps in the back of giant station wagons on the floor of her father’s auto dealership in Brooklyn. Though she inherited a love of fast cars from her father, an inductee into the East Coast Drag Racing Hall of Fame, and went on to become General Manager of the dealership, she just didn’t love the business. Spurdle found her footing in another male-dominated industry, as a First Vice President and Branch Manager at Morgan Stanley.
These days, she relishes designing individualized programs for clients by looking at their goals, risk tolerance and net worth, rather than trying to fit a client into a pre-described car with set packages.
Navigating her way as a woman among many men, she says, has proven difficult at times but also had its advantages. “There wasn’t always the expectation that you were an
Riya Sharma is the founder of @WallStreetConfessions, an Instagram account that shares caustic quotes about life in finance, and posts anonymous submissions of instances of sexism, racism, and discrimination in the industry.
Sharma, 20, has never publicly revealed her full identity before, and, in an interview with Business Insider, said she’s using her social media platform to advocate for women and minorities.
One of her followers, Jefferies CEO Rich Handler, told Business Insider in an email that he admires Sharma’s “entrepreneurialism, savvy and desire to positively influence the finance industry.”