♦ The Asian Development Bank (ADB) Board of Governors has unanimously elected Masato Kanda as ADB’s 11th President on  28 November 2024.

♦ He is currently serves as Special Advisor to Japan’s Prime Minister and Minister of Finance. Kanda will assume office in February 2025, succeeding Masatsugu Asakawa. 

♦ Since 2016, Kanda has served as Chair of the OECD Corporate Governance Committee, overseeing the review of the G20/OECD Principles of Corporate Governance in 2023.

♦ ADB is a regional development bank established in 1966, which is headquartered in Manila, Philippines. The bank also maintains 31 field offices around the world to promote social and economic development in Asia.

♦ The bank admits the members of the UN Economic and Social Commission for Asia and the Pacific, and non-regional developed countries. Starting with 31 members at its establishment, ADB now has 68 members.