Senior Management

Our staff is headed by our President, who is elected by AIIB shareholders for a five-year term and is eligible for reelection once. He is supported by our Senior Management, which includes Vice Presidents responsible for policy and strategy, investment solutions, administration, and the corporate secretariat; Chief Investment Officers; the General Counsel; Chief Risk Officer; Chief Financial Officer; and Chief Economist.

More information about our leadership team can be found here. Our organizational chart can also be viewed here.

Jin Liqun

President and Chair of the Board of Directors

Jin Liqun is the inaugural President and Chair of the Board of Directors. On July 28, 2020, he was elected to serve a second term of five years, beginning on Jan. 16, 2021. Before being elected as the Bank’s first President, he served as Secretary-General of the Multilateral Interim Secretariat tasked with establishing the Bank. Jin has rich experience across the private and public sectors and with MDBs. He served as Chair of the China International Capital Corporation Limited (China’s first joint-venture investment bank), Chair of the Supervisory Board of the China Investment Corporation, and Chair of the International Forum of Sovereign Wealth Funds. He previously served as Vice President and then Ranking Vice President of the Asian Development Bank and as Alternate Executive Director for China at the World Bank and at the Global Environment Facility. Jin spent nearly two decades at the Chinese Ministry of Finance, reaching the rank of Vice Minister. He holds a master’s degree in English Literature from Beijing Institute of Foreign Languages (now Beijing Foreign Studies University) and was a Hubert Humphrey Fellow in the Economics Graduate Program at Boston University from 1987 to 1988. Jin is from the People’s Republic of China.

Ajay Bhushan Pandey

Vice President, Investment Solutions

Ajay Bhushan Pandey is Vice President, Investment Solutions. In this capacity, he provides leadership and oversees three key departments: the Sectors, Themes, and Finance Solutions Department (STF); the Sustainability and Fiduciary Solutions Department (SFD); and the Portfolio Management Department (PMD). Prior to joining AIIB in April 2025, he served in prominent leadership roles within the Government of India for over three decades. He played a pivotal role in shaping India’s digital and financial infrastructure through transformative initiatives such as Aadhaar, the Unified Payments Interface (UPI), the Goods and Services Tax Network (GSTN), and the National Infrastructure Pipeline. His unique ability to integrate technology, policy, and infrastructure has enabled him to design and implement comprehensive strategies that combine innovative financial policies, legislative frameworks, and effective project management. As India’s Finance Secretary, he played a central role in shaping four national budgets and launching critical programs, including the National Monetisation Plan and the National Bank for Financing Infrastructure and Development. His policies encouraged foreign and private investments, including sovereign wealth funds and pension funds, into infrastructure, green energy, and electric mobility. As the CEO of Aadhaar, Pandey expanded the platform to cover 1.2 billion Indians, significantly boosting financial inclusion and reducing leakages in government welfare programs. He also successfully defended Aadhaar’s legal and privacy frameworks before the Supreme Court of India, ensuring its continued role as a cornerstone of India’s digital identity ecosystem. As Chairperson of India’s National Financial Reporting Authority (NFRA), Pandey elevated auditing and accounting standards to global benchmarks, strengthening institutional trust and channeling sustainable investments into India’s economy. He holds a PhD in Computer Science from the University of Minnesota, USA, and a bachelor’s degree in Electrical Engineering from the Indian Institute of Technology (IIT) Kanpur, India. Pandey is from India.

Ludger Schuknecht

Vice President and Corporate Secretary

Ludger Schuknecht is Vice President and Corporate Secretary. He is responsible for AIIB’s relations with its Members, the Board of Governors, the Board of Directors, other aspects of governance including the admission of new Members and the integrity of the Bank’s governance. He also oversees how the Bank communicates with key external stakeholders and has supervision over its awareness-building and brand and reputation management efforts to promote understanding of the Bank’s operations and mission among internal and external audiences. Before joining AIIB in August 2021, he held important leadership posts at the national and international levels. Most recently, he was a Visiting Professor at the LeeKuan Yew School of Public Policy, Singapore. Prior to this role, he was Deputy Secretary-General at the Organization for Economic Co-operation and Development (OECD) and waspreviously Chief Economist and Director General of Germany’s Federal Finance Ministry. In this position, he served as the G20 Finance Deputy for Germany and Co-chair of the Infrastructure Investment Working Group of the G20. Schuknecht has extensive experience working with international financial institutions, including the International Monetary Fund (IMF), the European Central Bank and the World Trade Organization. He also acted as the Chief Negotiator for Germany in the founding of AIIB, making him one of the architects of AIIB and one of the drafters of its Articles of Agreement. He holds a Vordiplom in Economics fromLudwig Maximilian University of Munich, Germany; an MA in Economics from George Mason University, USA; and a Ph.D in Economics and a Habilitation in Economics from Universität Konstanz, Germany. Schuknecht is from Germany.

Asma Shaikh

Acting Vice President and Chief Administration Officer

Asma Shaikh is Acting Vice President and Chief Administration Officer, responsible for overseeing human resources, information technology and facilities and administration services. She also chairs the Information Technology Committee and the Human Resources Review Committee. Concurrently, Shaikh also serves as the Director General, Human Resources Department, where she leads the development and execution of AIIB’s Human Resource Strategy in line with the overall strategic direction of the Bank. Her focus is on building a faster and more agile people management approach through digital transformation, while fostering a performance-driven culture that empowers people, supports innovation and drives meaningful global impact. Shaikh brings over 30 years of multi-cultural experience across various industries and sectors, where she has successfully led organizational transformations through HR interventions. Prior to joining AIIB in March 2023, she was the Chief Human Resource Officer of the National Bank of Pakistan, the largest public sector bank of Pakistan, where she was responsible for driving a true performance-based culture, in addition to aligning HR strategy and practices with organizational strategies and fostering management relationship. Before that, she held various HR leadership positions in multiple countries in Asia, the Middle East, and Africa. She helped build the Dubai Islamic Bank’s people infrastructure from scratch as an essential founder member. She was also an instrumental player in the performance turnaround at Barclays Bank, Dubai and Africa through various initiatives that included robust performance management and career path programs. She holds an MSc in Global Human Resource Management, is a certified Executive Coach by International Coaching Federation, a Certified Director of the Pakistan Institute of Corporate Governance and has been on multiple Boards as a Director. Shaikh is from Pakistan.

Quan Zheng

Acting Vice President, Policy and Strategy

Quan Zheng is Acting Vice President for Policy and Strategy. She drives AIIB’s strategic agenda, oversees AIIB’s environmental, social and procurement policies and their implementation, and manages the Bank’s administrative budget. She also oversees the Bank’s operational partnerships, including institutional engagement, concessional resource mobilization and special funds management. Concurrently, she serves as Director General, Department of Strategy, Policy and Budget (SPB), an appointment that she has held since 2016. Prior to joining AIIB, she served in a variety of leadership capacities at China’s Ministry of Finance and was co-Chair of the G20 Infrastructure and Investment Working Group in 2016 during China’s G20 presidency. She holds master’s degrees in economics from both the Graduate School of the People’s Bank of China and the University of Manchester. Zheng is from the People’s Republic of China.

Konstantin Limitovskiy

Chief Investment Officer, Public Sector (Region 2) & Project and Corporate Finance (Global) Clients

Konstantin Limitovskiy is Chief Investment Officer, Public Sector (Region 2) & Project and Corporate Finance (Global) Clients [CIO2]. In this role, he oversees AIIB’s investment operations with public sector clients in Pakistan; Afghanistan; Central, East, and West Asia; Europe, Middle East, North Africa and Latin America; and project and corporate finance clients focusing on private infrastructure and other productive sectors in all AIIB Members. Prior to this position, he served several managerial roles in AIIB, including Vice President for Investment Clients Region 2 and Project and Corporate Finance (Global), and Chief Programming Officer and Senior Advisor to the President of AIIB, heading the Client Relations and Programming Office. Limitovskiy joined AIIB in November 2018 from the Eurasian Development Bank where he was Deputy Chairman leading business activities in infrastructure. Before that, he was responsible for international project finance at the VTB Group in Russia. Over the challenging period of 2009-2010, he was involved in managing the real estate loan portfolio of Sberbank and established the infrastructure finance practice there. Before that, he led and helped develop leveraged and structured finance operations for Gazprombank and Alfa Bank. Prior to that, he led banking activities in infrastructure finance at the Black Sea Trade and Development Bank, an international development bank based in Greece. He is a graduate of the Russian Finance University and has an MA in geophysics. Limitovskiy is from Russia.

Rajat Misra

Acting Chief Investment Officer, Public Sector (Region 1) & Financial Institutions and Funds (Global) Clients and Director General, Public Sector Clients Department Region 1

Rajat Misra is Acting Chief Investment Officer, Public Sector (Region 1) & Financial Institutions and Funds (Global) Clients [CIO1]. In this role, he oversees AIIB’s investment operations with public sector clients in South Asia (except Afghanistan and Pakistan), South East Asia, the Pacific Islands, and Sub-Saharan Africa, and financial institutions and funds clients in all AIIB Members. He serves concurrently as Director General, Public Sector Clients Department Region 1 (PSC1). Prior to this position, Misra served several managerial roles in AIIB, including Acting Vice President for Investment Clients Region 1 and Financial Institutions and Funds (Global), and Director General, Infrastructure Investment Department (Region 1). Before joining AIIB in April 2017, Misra spent 18 years at the investment banking arm of the State Bank of India (SBI). He was also Director and Investment Committee member at the SBI Group—Department for International Development (DFID) Fund for Infrastructure. Misra started his career as an R&D engineer at BHEL, a leading power equipment manufacturing company. He holds a post-graduate degree in Business Management from the Xavier School of Management (XLRI), India, and a bachelor’s degree in Engineering from the Indian Institute of Technology (IIT), Varanasi, India. He also attended the Executive Program in Infrastructure at Kennedy School, Harvard University. Misra is from India.

Erik Berglof

Chief Economist

Erik Berglof is the Bank’s inaugural Chief Economist. He sets the vision and strategy for the Economics Department and leads the planning, implementation and supervision of its work plan in support of the Bank’s mandate. Prior to joining AIIB in September 2020, he was Director of the Institute of Global Affairs, London School of Economics, and Chief Economist of the European Bank for Reconstruction and Development from 2006 to 2015, where he was part of creating, and co-led, the Vienna Initiative, a European crisis response team credited with mitigating the impact of the 2008 Global Financial Crisis. He is an expert in transition economics and institutional transformation through private sector development. He holds a PhD in Financial Economics and an MA in Business and Economics, both from the Stockholm School of Economics. Berglof is from Sweden.

Antoine Castel

Chief Risk Officer

Antoine Castel is Chief Risk Officer and heads the Risk Management Department. His main responsibilities are to ensure the stability and financial continuity of AIIB. He oversees risk capital allocation and utilization, manages financial and non-financial risks, including reputational consequences, as well as fosters a strong risk culture throughout the Bank. He further oversees the Bank’s compliance and integrity function assuring KYC/AML/Financial Crime and sanction compliance. Castel has extensive commercial and investment banking experience across Asia, Africa and Europe. Coming from a background in business development, he progressively grew his risk focus to balance significant commercial development with a selective risk approach. From 2018 to the end of 2020, he was Country Head of Société Générale (SG) in India, particularly active in aligning its credit portfolio and raising its renewable structured financing platform, but also leading the sound development of its footprint in financial markets. In 2017, he was deputy-CEO of SG in China where he was also in charge of Risk, Legal and Compliance. From 2000 to 2016, he held various financial markets management positions in China, South Africa and France in SG CIB and previously, in Credit Agricole CIB. He started in financial markets sales in 1998 after four years working for Danone. He is a graduate of Université Lumière Lyon II and holds a master’s degree in Finance with honors. Prior to a life in finance, he graduated EOR from IVème Bataillon ESM de Saint-Cyr and paratrooper from ETAP. Castel is from France.

Andrew Cross

Chief Financial Officer

Andrew Cross leads AIIB’s controller and treasury functions, and the development of new financial products and services, among other projects. Cross joined AIIB in May 2019 as the Assistant Chief Financial Officer (CFO). The role supported the CFO in ensuring sustainable financial strength and steady growth in financial resources, as well as safeguarding Triple-A credit ratings in support of AIIB’s overall mission. He was appointed CFO in January 2020. Prior to joining AIIB, Cross was the Deputy Treasurer at the International Finance Corporation (IFC), a member of the World Bank Group. He supported the IFC Treasurer in providing leadership and oversight for IFC treasury hub operations in London and Singapore. Cross joined IFC in January 2006 as a Principal Financial Officer and was a member of the funding team. He was involved in IFC’s market borrowing operations and emerging market local currency issuance program. Prior to that, Cross was an investment banker at Merrill Lynch International from 1993 to 2006, initially based in London. He worked as a Director in Debt Capital Markets with responsibilities spanning Sovereign, Corporate and Financial Institution Clients in the Europe, Middle East and African regions. From 2000 to 2002, Cross was based in Johannesburg at Merrill Lynch International with responsibilities for Southern Africa Debt Capital markets. He has an undergraduate degree from the University of Waikato, New Zealand and an MBA from the University of Cranfield, United Kingdom. Cross is from New Zealand.

Alberto Ninio

General Counsel

Alberto Ninio is responsible for the legal aspects of the Bank's work, advising the Board of Governors, the Board of Directors, the President and other members of the senior management team on all legal matters related to the Bank. He brings over 30 years of experience in the multilateral development banking, environmental law and corporate responsibility fields. Prior to his appointment as General Counsel in 2021, he was Director General of the Operational Services Department and led AIIB's operational support team in the areas of environment, social, procurement and financial management. Prior to joining AIIB in 2020, Ninio served in a variety of senior roles at the World Bank, including as Chief Counsel, Environmental Law and, later, as Deputy General Counsel for Operations, and in the private sector, including at Vale S.A., a major multinational mining and logistics corporation based in Brazil. He holds a Bachelor of Laws (LL.B.) from the Federal University of Rio de Janeiro and a Master of Laws (LL.M.) from the American University in Washington, DC. Ninio is from Brazil.