National Bank Governor’s Daughter Named New Director-General

Chea Serey, the daughter of National Bank Governor Chea Chanto, has been promoted to director-general of the central bank, she confirmed this week. Ms. Serey will replace Nguon Sokha, who said that she left the National Bank about a month ago after being appointed as a secretary of state in the Ministry of Finance. Prior to her promotion, Ms. Serey was deputy director-general at the National Bank in charge of banking supervision. Commenting on her replacement for central bank director-general, Ms. Sokha said that the father-daughter relationship between Ms. Serey and Mr. Chanto was unimportant as Ms. Serey is a highly skilled technocrat fit to run the central bank. … As more senior members of the CPP have begun reducing their roles in government—Mr. Chanto is a longtime member of the CPP’s central committee—their children have often been promoted to fill senior roles in the ruling party’s administration. Prime Minister Hun Sen’s son Hun Many became one of the CPP’s 68 National Assembly members after July’s election. … Say Sam Al, the son of CPP secretary-general Say Chhum, was named the new Environment Minister in September. Earlier this year, Sok Khavan, the nephew of Deputy Prime Minister Sok An, was named director-general of the Cambodian National Petroleum Authority. … Some CNRP leaders have also begun elevating their progeny within the resurgent opposition party. Kem Monovithya, the daughter of CNRP Vice President Kem Sokha, is a member of the CNRP’s 26-member permanent committee, the party’s top decision-making body. …

Colin Meyn
http://www.cambodiadaily.com/business/national-bank-governors-daughter-named-new-director-general-48069/