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Takehiko Nakao elected as the President Asian Development Bank Board

Apr 28, 2013 13:54 IST

Takehiko Nakao on 27 April 2013 was appointed as the President of the Asian Development Bank (ADB) by the Board of Governors at New Delhi. His appointment to the post was unanimously accepted ahead of the annual meet of the bank. He succeeded Haruhiko Kuroda, who resigned from his office in March 2013 to take up an assignment as the Governor of the Bank of Japan.

The 57 years old Nakao is the former Vice Minister of Finance for International Affairs of Japan. He will be the ninth President and will assume the charge of his office on 28 April 2013. He is appointed to complete the unexpired term of his predecessor that is supposed to end in November 2016.

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