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Published on August 14, 2007

Pakorn was the commission's nomination and has won support from its selection committee, a broker said.

Vijit ends his term on August 26.

The broker said Pakorn had passed primary selection. Finance Minister Chalongphob Sussangkarn did not reject the nomination but asked the committee to check Pakorn's involvement in loans by the last government to Burma while employed at the commission.

The Assets Examination Committee and Export-Import Bank of Thailand cleared Pakorn of any association with that deal, the propriety of which has been questioned by the junta, the source said.

As a result, the commission will formally propose Pakorn at its next meeting.

"The commission checked with the committee and the bank and found Pakorn qualified to become stock exchange chairman," the source added.

Former Siam Commercial Bank executive Jada Wattanasiritham is in the running, too.

However, the source said Pakorn's experience in both the money and capital markets made him better qualified.

Many brokers favour Pakorn because of his "well-rounded" experience, including a stint as a Bank of Thailand deputy governor.

"It's now 99 per cent certain Pakorn will be appointed exchange chairman because of his excellent profile in both the money and capital markets, an advantage he has over other candidates."

Siriporn  Chanjindamanee

The Nation