AIIB names senior hires
The Asian Infrastructure Investment Bank
(AIIB) has hired
Gerard Sanders
and
Thierry de Longuemar
to report to President
Jin Liqun
(pictured) with effect from August and September 2016 respectively. Sanders, who joins the AIIB from the
International Fund for Agricultural Development
(IFAD), takes up the role of General Counsel at the bank. De Longuemar, former Vice President for Finance and Risk Management at the Asian Development Bank (ADB), will step in as Chief Financial Officer (CFO). Having worked at the
European Bank for Reconstruction and Development
(EBRD) in progressive counsel roles since 1993, Sanders, originally from New Zealand, will lead “planning, implementation and supervision of the Bank’s legal function”, according to the AIIB’s announcement. The General Counsel gives legal advice to the bank’s management, its Board of Directors and Board of Governors. Twice Treasurer at the ADB with intermittent duties as Vice President Finance at the African Development Bank (AfDB), de Longuemar, a French national, has a career in finance spanning 30 years. In his new role as CFO, de Longuemar will be responsible, “for key financial planning and capital adequacy issues, and overseeing financial reporting at the Bank”. In the announcing statement Liqun said: “Both Mr. Gerard Sanders and Mr. Thierry de Longuemar bring with them decades of highly relevant experience that will serve the Bank well in the years ahead. I look forward to working with them both when they take up their positions at the Bank in the coming months.”
By Jack Aldane
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Photo: Monika Flueckiger