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Japan's former top currency diplomat Masato Kanda has been selected as the next president of the Asian Development Bank, the Manila-based international lender said Thursday.
Kanda, 59, currently a special adviser to Japan's prime minister, will take office on Feb. 24, 2025, as the 11th president, succeeding Masatsugu Asakawa, another former senior official of Japan's Finance Ministry, the ADB said.
Since the ADB was founded in 1966, its top post has always been filled by someone from Japan which, along with the United States, is the bank's biggest shareholder, as per media reports.