His Excellency Dr. KAO Thach
His Excellency Dr. KAO Thach is Chief Executive Officer and Member of the Board of Directors. He was appointed by the Royal Government of Cambodia as Chief Executive Officer of the Agricultural and Rural Development Bank—ARDB (formerly Rural Development Bank) on July 4th, 2014 and H.E was promoted as Royal Government Delegate in charge of Chief Executive Officer of Agricultural and Rural Development Bank in 2020 and a permanent member of the ARDB’s Board on August 7th, 2014, the positions he continues to hold until today.
H.E. Dr. Kao Thach has also been a member of the Supreme National Economic Council (SNEC) of Cambodia with the rank of Secretary of State, and an arbitrator of the Arbitration Council since 2003. He is a lawyer and has been a member of the Bar Association of Cambodia since 2016. Previously, he was Deputy Director General of the Securities and Exchange Commission of Cambodia with the rank of Under-secretary of State, and was Head of Financial Market Division, Financial Industry Department of the Ministry of Economy and Finance.
Working in law field, he served as a legal officer at the Ministry of Justice and also in the courts of the Kingdom of Cambodia. In financial sector, he was one of the key persons working toward the successful establishment of the Securities and Exchange Commission and Cambodia Securities Exchange.
Since joining the Ministry of Economy and Finance in 2003, he undertook numerous assignments relating to financial sector development in Cambodia. These assignments included member of working groups responsible for drafting Law on Government Securities and Law on Issuance and Trading of Non-government Securities, and member of working group responsible for developing Financial Sector Development Strategy 2006-2015 and 2011-2020. Besides, as a representative of the Ministry of Economy and Finance, he was involved in various ASEAN working groups in relation to capital market development such as ABMI, ACMF, and Financial Services Liberalization.
He holds Bachelor of Law (LLB) from the Royal University of Law and Econonics (formerly Faculty of Law and Economics) in 1998 and Master of Law from Bond University (Australia) in 2002, with concentration on International Trade Law System, WTO Legal Framework, Alternative Dispute Resolution, and Dispute System Design. In 2019, he graduated with Doctor of Business Administration (DBA) from EU Business School. His doctoral thesis is on ‘the Rural Development Bank’s Transformation: The Case of Cambodia.’