Vitai’s extensive experience in banking has earned him praise from key economic figures, including Deputy Prime Minister Pichai Chunhavajira, who oversees economic affairs. Analysts believe his track record will enable him to support the government’s economic policies effectively.
A two-time CEO of GSB, Vitai transformed the bank into a “bank for society,” promoting financial inclusion.
Vitai Ratanakorn’s Personal Background
Vitai, 54, is the son of two senior civil servants. His mother, Sirilak Ratanakorn, was the former President of the Stock Exchange of Thailand, and his father, Sophon Ratanakorn, served as the permanent secretary of the Justice Ministry.
He holds three master’s degrees:
Master of Finance, Drexel University (USA)
Master of Laws in Business Law, Chulalongkorn University
Master of Arts in Political Economy, Chulalongkorn University
Vitai’s Career Timeline
2020–Present: President and CEO, Government Savings Bank
2018–2020: Secretary-General, Government Pension Fund
2017–2018: Acting President, Islamic Bank of Thailand
2016–2017: Senior EVP (CFO), Government Savings Bank
2015–2016: Senior EVP (Public Sector Clients), GSB
2011–2014: Chief Financial Officer, Nok Airlines
2004–2011: Senior Director, Alternative Investment Department, Government Pension Fund