Lecturer in Finance, Investment and Financial Technology

Assistant Professor Dr. Kulabutr Komenkul is an academic, lecturer, and researcher based in Bangkok, Thailand. He currently serves as a lecturer in Finance, Investment, and Financial Technology at the College of Innovative Business and Accountancy (CIBA), Dhurakij Pundit University. He is also a visiting lecturer at Thammasat Business School and co-founder of ArokaGO, a Thai medical and wellness tourism platform. In addition, he serves on the committee of the Thai Medical and Wellness Tourism Association (TMWTA). From 2017 to 2021, Dr. Komenkul was a lecturer in Finance and Investment at Rangsit Business School (RBS), and held the position of Associate Dean for Administration and International Affairs at Rangsit University International College (RIC), where he led academic strategy, international engagement, and administrative planning.
Dr. Komenkul earned his Ph.D. in Finance from Heriot-Watt University, UK, with research focused on IPO underpricing and long-run performance in emerging markets. His academic excellence has been recognized through several prestigious awards, including The SET Best Paper Award in Capital Market (2016) at the 28th Asian Finance Association (AsianFA) Annual Conference held at Anantara Siam Bangkok Hotel, and The Best PhD Student Paper Award (2014) at the British Accounting and Finance Association (BAFA-NAG) Conference at Northumbria University, Newcastle, UK. He also received the Outstanding New Researcher Award (2018) from the Association of Private Higher Education Institutions of Thailand (APHEIT).
His research interests span capital markets, IPOs, corporate finance, financial regulation, and fintech applications. He has published in leading international journals such as Applied Economics, Inquiry Journal, and the Journal of Financial Regulation and Compliance. Beyond academia, Dr. Komenkul has contributed to national and industry-level consulting projects, including regulatory frameworks for the energy sector and strategic planning for healthcare logistics. He is also certified as an AACI ISO9001:2015 Lead Auditor and Lead Surveyor, with a commitment to quality assurance in education and institutional management.
As an educator in finance, investment, and financial technology, I believe that teaching should not only impart knowledge but also inspire critical thinking, ethical awareness, and real-world application. My teaching philosophy centers on three core principles: relevance, engagement, and empowerment.
First, I emphasize relevance by integrating current financial trends, digital innovations, and real-world case studies into the curriculum. In today’s rapidly evolving financial landscape, students must be equipped not just with theories, but with the ability to apply them to fintech solutions, investment strategies, and regulatory challenges. By connecting classroom concepts to current events and industry practices—such as blockchain, digital banking, or capital market reforms—I help students develop a practical and forward-looking mindset.
Second, I foster engagement through interactive learning. Whether in a physical classroom or digital environment, I encourage open discussion, collaborative projects, and experiential activities such as simulations, data-driven analysis, and business pitching. My goal is to create a dynamic learning space where students feel challenged yet supported, free to explore ideas, and confident in expressing themselves.
Third, I believe in empowering students not just as future professionals, but as ethical leaders and problem-solvers. I instill in them a strong sense of responsibility and sustainability in finance—teaching that sound financial decision-making must consider long-term impact, stakeholder trust, and social value. I encourage students to pursue lifelong learning, question assumptions, and take initiative in shaping the future of finance.
Ultimately, my role as a teacher is not just to transmit information, but to cultivate curiosity, character, and capability. Through thoughtful mentorship, evidence-based content, and a passion for innovation, I strive to help every student reach their fullest academic and professional potential.
Heriot-Watt University, Edinburgh, UK
Doctor of Philosophy (Ph.D. in Finance)
Heriot-Watt University, Edinburgh, UK
Master of Research in Social Science (MRes. In Finance)
Kasetsart University, Thailand
Master of Research in Social Science (MRes. In Finance)
Kasetsart University, Thailand
Bachelor of Arts (B.A. in Political Science).
Research Areas
Capital Market, Corporate Finance, Initial Public Offering (IPO), Financial Regulation and Compliance, Information Disclosure, and Market Microstructure.
Technical Skills
Computer and Data Analytics Software
Courses Taught
Learn key concepts and skills in modern finance, investment, financial technology and business management, from financial statement management, risk management and portfolio investing to the use of AI, Python and data analytics in the financial world, and delve into digital marketing and business management in the healthcare sector to prepare for leadership in the digital business and finance world.
Finance
Business Finance, Financial Management, Corporate Finance, and International Finance. Learn how to analyze financial reports and manage capital structure. Also explore Financial Risk Management for decision-making in dynamic environments.
Investment
Explore Derivatives and the construction of diversified Investment Portfolios. Understand risk-return tradeoffs, portfolio optimization, and asset allocation strategies in global financial markets. Learn how to build wealth sustainably.
Financial Technology
Dive into Financial Innovation and Technology, from blockchain to digital finance tools. Learn to apply AI and Python in finance, automate analysis, and explore Financial Data Analytics. Become fluent in digital entrepreneurial finance.
Business and Management
Master Quantitative Data Analysis and financial strategies in the healthcare sector. Learn Digital Business and Marketing in Healthcare and how to lead tech-enabled teams. Discover innovative models in business transformation.
Recognition & Research Excellence
Recipient of national and international awards, including the SET Best Paper Award (2016), BAFA Best PhD Paper Award (2014), and Outstanding New Researcher Award by APHEIT (2018), honoring his impact in finance and academic research.

Outstanding New Researcher Award 2018 by APHEIT
November 19, 2018 at The Sukosol Hotel Bangkok, Thailand.

The SET Best Paper Award in Capital Market 2016
at the 28th Asian Finance Association (ASIAN FA) Annual Conference, June 26- 28, 2016, at Anantara Siam Bangkok Hotel, Bangkok, Thailand.

The Best PhD student Paper Award 2014
at the British Accounting and Finance Association (BAFA-NAG) Conference 2014, Northumbria University, Newcastle, UK.
Academic & Industry Engagement
Extensive experience as a lecturer, researcher, and executive educator in finance, investment, and fintech. Co-founder of a health-tech startup and active contributor to national committees and international academic programs. Bridging academia, industry, and innovation in impactful ways.
Co-founder, ArokaGO Company, 2022 – Current
Setting the company’s vision, mission, and overall strategy and ensure the business aligns with industry trends. The growth and expansion of the business, which might involve partnerships with healthcare providers, wellness centers, and other relevant stakeholders.
Board of Committees, Thai Medical and Wellness Tourism Association (TMWTA), 2023 - Current.
Lecturer (Full-time), Department of Financial Technology and Investment, CIBA, 2022- Current
Teaching Business Finance, Financial Innovation and Technology, Derivatives and Corporate Finance. Doing research related to finance, investment and healthcare areas.
Lecturer, Conc, Business School Thammasat University, 2021 - Current.
Teaching Business data analytics, Big data driven policy, and strategies.
Lecturer (Part-time), IMBP, Business School Thammasat University, 2021 - Current.
Teaching International Finance for Master Students.
Chief Strategy and Finance Officer, JWD Health ConneX Company., 2021- Current.
Overseeing daily business operations. Developing and implementing strategies. Creating and managing budgets. Evaluating performance and productivity.
Chief Strategy and Finance Officer, Asia Cab Company (London Taxi), 2020- 2021.
Overseeing daily business operations. Developing and implementing growth strategies. Creating and managing budgets. Business Data Analysis to create policy and strategy
Association Dean for Administration and International Affairs at Rangsit University International College (RIC), Lecturer, Department of Finance and Investment, Rangsit Business School (RBS) at Rangsit University, Thailand, 2016 - 2020.
Managing and Monitoring RIC staffs and evaluating their performance. Controlling capital budgeting related to RSU and RIC projects. Teaching Business Finance, Financial Management and Derivatives for undergrad and postgrad students.
Lecturer (Part-time), Faculty of Business Administration at Ramkhamhaeng University, Thailand, 2016 – 2018
Teaching Corporate Finance (MBA Program for CEO/CMOs) and Current Finance Issues and Derivatives and Risk Management (Financial MBA Program).
Lecturer (Full-time), Department of Finance, Faculty of Business Administration at Kasetsart University, Thailand, 2008 – 2010
Consulting & Strategic Projects
Engaged in high-impact consulting projects across finance, healthcare, and public policy sectors. Contributions include regulatory framework development, strategic planning, and innovation-driven solutions for government agencies and industry partners.
Assess and review the TPA Framework and TPA Code of the electricity industry, preparing the TSO/DSO Framework
guidelines for regulating electricity network systems to support the new energy business” to the Office of the Energy Regulatory Commission.
JWD InfoLogistics Public Company Limited
Biopharmaceutical and Healthcare Supply Chain
G-Lab Co., Ltd. by Gravitech and DEPA
Financial Feasibility
NANO Tech
Business Plan for Reverse Anti-Aging Project
Research & Innovation Grants
Awarded multiple national and international research and innovation grants from government agencies and global programs, supporting academic development, cross-border collaboration, and industry-focused initiatives.

TEDFund, Ministry of Higher Education, Science, Research and Innovation, Thailand
Market Scale Up 2025, “ArokaGO: Thai Medical and Wellness Tourism Platform”.

NIA(National Innovation Agency), Ministry of Science and Technology
Open Innovation 2024, “ArokaGO: Thai Medical and Wellness Tourism Platform”.

The Stock Exchange of Thailand Capital Market Research Innovation Contest 20
“Capturing Investor Sentiment from Big Data: The Effects of Online and Social Media on SET50 Index”.

Thailand Research Fund (TRF) 2018
Thailand’s Current Achievement in the 17th Sustainable Development Goal (SDG). Focused on developing localized indicators to strengthen partnerships and collaboration through finance and trade.

SEASAC (South-East Asian Sales Competition) Project 2018
Co-funded by Erasmus+ Program of the European Union.

Erasmus+ Teaching Mobility Fund 2017: for Academic Staffs
Erasmus+ Program of the European Union to teach Corporate Finance and to do research at Karlstad University, Sweden.