Siam Commercial Bank Public: SCB 10X appoints new CEO

SCB 10X Appoints Mukaya (Tai) Panich as New CEO of Its Digital Technology Investment and Venture Capital Building Arm of SCBX

BANGKOK, THAILAND – August 4, 2022 – SCB 10X, (https://scb10x.com/), the digital technology investment and venture capital arm of SCBXannounced the appointment of Mukaya (Tai) Panitch as the new CEO, succeeding the former CEO, Dr Arak Sutivong. She will continue to serve as Chief Venture and Investment Officer, as well as the newly appointed role of CEO. SCB 10X also announced the promotion of Pailin (Pie) Vichakulpartner of SCB 10X and head of strategic planning to chief operating officer, who will report directly to Tai.

Under Tai’s leadership, SCB 10X will continue to focus on two key strategic pillars: Capital risk – invest in disruptive technology startups with strategic and financial returns for SCBXand corporate building – building businesses in the exponential technology growth areas of Blockchain, DeFi, Web 3.0, Metaverse and Deep Tech. Tai will lead SCB 10X’s initiatives to invest in and build the disruptive technology ecosystem in Southeast Asia and continue to grow the SCB 10X team to accomplish their Moonshot mission.

Tai’s appointment as CEO of one of Southeast Asia’s most active venture capital firms is a historic moment for women in finance. According to a report according to PitchBook, women now represent only 15% of general partners in venture capital firms. PitchBook data also shows that less than 10% of venture capital firm decision makers are women, and more than 70% of US venture capital firms have no female investors.

Tai joined SCB 10X in early 2020 as Chief Venture and Investment Officer. In this role, Tai led the SCB 10X investment globally and additionally built a large community of ecosystem partners around the world. She has organized and hosted several successful industry events, bringing together the most influential builders of Blockchain, DeFi, Web 3.0 and Metaverse for dedicated discussions on the industry’s most pressing issues.

An engineer by training, Tai brings more than 20 years of experience working and investing in the technology sectors of Silicon Valley, New York and Singapore to her role at SCB 10X. Under Tai’s leadership, Siam Commercial Bank has been recognized globally as one of the most crypto-active banks among global banks by Dove Metrics. Her work in the global Crypto, DeFi and Web 3.0 ecosystem has earned her recognition as one of the Top Female SEA-based VC Decision Makers by DealStreetAsia, Top Global Corporate Venturing Emerging Leader by GCV Institute and Global Top Corporate Venture Capitalists by CB Insights. Tai graduated with honors from MIT where she earned bachelor’s and master’s degrees in electrical engineering and computer science. She then earned an MBA from Harvard Business School. Tai was awarded the prestigious King Scholarship by the King of Thailand to study abroad at the undergraduate level.

For more information on how to join the SCB 10X team and be part of their moonshot mission: www.scb10x.com/careers

About SCB 10X

SCB 10X Co., Ltd. is a holding company of SCBX Group, and was established in January

2020 with a “moonshot mission” to achieve exponential growth through technological innovation and investment with a focus on disruptive technologies, Blockchain, Metaverse, Web 3.0 and Deep Tech through its two pillars: Venture Capital and VentureBuilder. For more information, please visit https://scb10x.com/.

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