Mr. Vichit Ith

Mr. Vichit Ith

Independent Director 

Vichit possesses an extensive international experience focused on financial and economic advisory and senior corporate management with foreign and regional multinationals, in soft and hard
commodity trading (France, Middle-East, Southeast Asia and Egypt), banking with two leading global Wall Street investment banks and private equity (New York, United Kingdom, Singapore, Indonesia), general management in manufacturing as Country Manager and Group CFO (Thailand), airline and aviation as Chairman and CEO, General Manager (Cambodia and Singapore). He had also headed foreign statutory boards in charge of foreign direct investments and private sector development and advised a number of foreign direct investments and private sector development and advised a number of foreign Presidents and Prime Ministers on rapid inclusive economic development and institutional restructuring.

His development advice was centered on economic strategy, policy design and policy implementation, including advice on privatization and corporate restructuring of the local airline industry, international airports, seaports and public utilities. His advice had let to the set up and/or reforms of key economic institutions and units with the host countries such as the Economic Development Board of Madagascar, the Economic Strategy Task Force of the Presidency (Madagascar), the Rwanda Development Board and the Cambodian Investment Board (CIB/CDC). He contributed to the strategic thinking and drafting of the Madagascar Action Plan (MAP) with Harvard University, an ambitious five-year strategic plan that aims at triggering a transformational development and a quantum leap in the economic and social development of the country between 2007-2012. He was the Chairman of the Strategy Task Force of the Presidency and the first CEO of the Madagascar Economic Development Board. He had set up and led the Cambodian Investment Board, from 1994 to 1997 where the first successful wave of economic liberalization had taken place. The strategies and policies that he had designed and implemented had paved the way for the rapid growth of the garment and tourism industries and helped move Cambodia from a command to a market economy. He was one of the international recipients of the “Global Leader for tomorrow” award given by the World Economic Forum in Davos in 1996.

His more recent economic advisory work was with the governments of Nigeria, Rwanda, Sao Tome and Principe where he was tasked, among other things, to audit and restructure the Rwanda Development Board and provide an assessment on the efficiency of the government system.

Vichit was the Country Advisor of Axiata Group for Cambodia and independent director of its subsidiaries Hello and Smart. He is currently an independent director of GL Finance, a leading leasing company. He was the Southeast Asia Senior Advisor to Monitor Consulting, a Boston based strategy consulting firm founded by Professor Michael Porter of the Harvard Business School. Vichit graduated with a Master Degree from Harvard University with a double major in macroeconomic policies and capital markets. He had attended a senior management program at Stanford Business School, Stanford University. He has lived and worked in Asia, Europe, the United States, the Middle East and Africa. He speaks fluent English, French and Cambodian.

 

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