BEIJING, June 13, 2016
Asian Infrastructure Investment Bank appoints General Counsel and Chief Financial Officer
The Asian Infrastructure Investment Bank (the Bank) today announced the following senior staff appointments:
· Mr. Gerard Sanders to the position of General Counsel; and
· Mr. Thierry de Longuemar to the position of Chief Financial Officer.
Announcing the appointments, President Jin said "I am delighted to announce appointments to these important leadership positions. 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."
"I would also like to take this opportunity to record my sincere thanks to our inaugural General Counsel, Ms. Natalie Lichtenstein, for her profound contribution to the Bank, both during the establishment phase and in our first year of operation. Ms. Lichtenstein's wisdom, judgement and hard work have been greatly appreciated by both her colleagues and our shareholders. I wish her every happiness and success in her future endeavors back in the US."
The primary responsibility of the General Counsel is to lead the planning, implementation and supervision of the Bank’s legal function. This includes providing sound and timely legal advice to the Bank’s Management, the Board of Directors and the Board of Governors on all aspects of the Bank’s operations. The role reports to the President.
Mr. Gerard Sanders, who will join the Bank in August, has been General Counsel at the International Fund for Agricultural Development (IFAD) for the past two years. Previously, over a period of twenty years, he worked at the European Bank for Reconstruction and Development (EBRD), most recently as Deputy General Counsel. Earlier in his career, he worked with law firms in Wellington, Washington, D.C., and Amsterdam and in a corporate role in London. Mr. Sanders has graduate law degrees from Victoria University of Wellington and Harvard Law School. He is a chartered accountant, a Fellow of the Chartered Institute of Arbitrators and Visiting Professorial Fellow at Queen Mary College, University of London. Mr. Sanders is qualified to practice law in New Zealand, the state of Victoria in Australia and England and Wales. He is a national of New Zealand.
Chief Financial Officer (CFO)
The primary responsibility of the CFO is to provide strategic and technical leadership in all aspects of the Bank’s financial management. This includes responsibility for key financial planning and capital adequacy issues, and overseeing financial reporting at the Bank. The role reports to the President.
Mr. Thierry de Longuemar has been serving as Vice President of the Asian Development Bank (ADB) since 2011, during which time he has been responsible for Finance, Administration and Risk Management. He will join the Bank as CFO after he retires from ADB in September 2016. Mr. de Longuemar has spent more than three decades working in both the multilateral and private sectors, including as Vice President Finance at the African Development Bank between 2004-2010 and as Global Head of Central Banks and Supra-nationals at the investment bank ABN Amro. Mr. de Longuemar received his Masters’ Degree in Business Administration from the école Supérieure des Sciences économiques et Commerciales (ESSEC) in Paris. He is a national of France.
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