As chairman of the GPF, Sathit said PA Balance needs to submit the nomination within 30 days after contract signing.
Two main criteria set by the selection committee are the person must have extensive experience in investment and possess the ability in communicating with the fund's members.
Visit Tantisunthorn, the former secretary-general, is now under investigation for possible fraud. The disciplinary committee, chaired by Pakorn Malakul Na Ayudhya, is expected to present the investigation result within this month.
Sathit added that the agency many need to set a clear rule whether the fund's secretary-general can make stock investment for his own accounts.