Masatsugu Asakawa has been unanimously elected President of the Asian Development Bank (ADB) by its Board of Governors, reports UNB.
Asakawa, 61, currently Special Adviser to Japan's Prime Minister and Minister of Finance, will assume office as ADB's 10th president on January 17, 2020.
He will succeed Takehiko Nakao, who will leave office on January 16, 2020.
Asakawa will finish the unexpired term of President Nakao, which ends on November 23, 2021, said a press release from ADB on Monday.
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