Rubaiya Tripty of DOT
Masatsugu Asakawa, 61, currently special advisor to Japan’s prime minister and minister of finance has been elected as ADB president. He was elected ‘unanimously’ as per the announcement of Board of Governors of ADB made yesterday.
Asakawa will assume office as ADB’s 10th president on Jan. 17, 2020.
He will succeed Takehiko Nakao, who will leave office on Jan. 16, 2020. Asakawa will finish the unexpired term of Nakao, which ends on Nov. 23, 2021.
“Asakawa’s extensive and diverse experience in international finance and development will serve ADB well in pursuing its vision of a prosperous, inclusive, resilient, and sustainable Asia and the Pacific,” said Deputy Prime Minister and Minister of Economy and Finance of South Korea and Chair of the ADB Board of Governors Hong Nam-Ki, adding that “the ADB Board of Governors looks forward to working with Asakawa.”
In a career spanning close to four decades, the ADB said Asakawa has held a range of senior positions at the Ministry of Finance of Japan, including vice minister of finance for international affairs, and gained diverse professional experience in development policy, foreign exchange markets, and international tax policy.