The Asian Infrastructure Investment Bank (AIIB) appointed five vice-presidents with work experience in both developed and emerging economies as well as multilateral institutions on Friday.

Britain's Chief Secretary to the Treasury Danny Alexander (R) is chased by media as he walks down a street in central London March 18, 2015. British finance minister George Osborne delivered his annual budget statement on Wednesday, his final chance to persuade voters his economic plans were working before a national election on May 7. REUTERS/Suzanne Plunkett (BRITAIN - Tags: POLITICS BUSINESS)
Britain’s Chief Secretary to the Treasury Danny Alexander (R) is chased by media as he walks down a street in central London March 18, 2015. British finance minister George Osborne delivered his annual budget statement on Wednesday, his final chance to persuade voters his economic plans were working before a national election on May 7. REUTERS/Suzanne Plunkett (BRITAIN – Tags: POLITICS BUSINESS)

The new development bank appointed Danny Alexander, who was chief secretary to the UK Treasury from 2010 to 2015, as vice-president and corporate secretary, according to an AIIB press release.

Kyttack Hong, chairman and CEO of the Korea Development Bank, will serve as vice-president and chief risk officer.

D.J. Pandian has been with the Indian Administrative Services for 30 years. [Photo/egov.eletsonline.com]
D.J. Pandian has been with the Indian Administrative Services for 30 years. [Photo/egov.eletsonline.com]

D.J. Pandian, another vice-president who had an extensive career spanning 30 years with the Indian Administrative Services, will also be the bank’s chief investment officer.

Philippine President Gloria Macapagal-Arroyo (R) shakes hands with Joachim Von Amsberg (L), World Bank's country director for the Philippines, during a meeting at the presidential palace in Manila, Philippines, July 19, 2004.[Photo/IC]
Philippine President Gloria Macapagal-Arroyo (R) shakes hands with Joachim Von Amsberg (L), World Bank’s country director for the Philippines, during a meeting at the presidential palace in Manila, Philippines, July 19, 2004.[Photo/IC]

Joachim von Amsberg, currently vice-president of development finance at the World Bank, will serve as the AIIB’s vice-president of policy and strategy.

The bank also appointed Luky Eko Wuryanto, who has served in senior positions in the Indonesian government for 20 years, as vice-president and chief administration officer.

President of Asian Infrastructure Investment Bank (AIIB) Jin Liqun greets to journalists as he arrives at a news conference in Beijing January 17, 2016. REUTERS/Kim Kyung-Hoon
President of Asian Infrastructure Investment Bank (AIIB) Jin Liqun greets to journalists as he arrives at a news conference in Beijing January 17, 2016. REUTERS/Kim Kyung-Hoon

AIIB President Jin Liqun, former vice finance minister of China, said the leadership team is “an exceptionally strong and committed group who will bring wide and varied experience and a wealth of expertise that will serve the bank well”.

Proposed by China, the AIIB aims to support infrastructure projects in Asia and has 57 prospective founding members with an authorized capital of $100 billion.

Feb. 6, 2016 on China Daily

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