February 11, 2016 7:25 AM

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India nominee D J Pandian appointed as Vice-President of AIIB

India nominee D J Pandian has been appointed as Vice-President and Chief Investment Officer of the newly formed 100 billion dollar Asian Infrastructure Investment Bank (AIIB). Finance Ministry said in a statement, the primary responsibility of the Chief Investment Officer is leading the planning and supervision of the bank's infrastructure investment by promoting sustainable investment throughout Asia. The Beijing-based 100 billion dollar multi-lateral lender AIIB was set up to boost lending for infrastructure projects. China, India and Russia are the three largest shareholders, in the newly-formed bank.Dr. Pandian has had an extensive career spanning 30 years with the Indian Administrative Service (IAS), holding key positions at the State, National, and International levels in the energy, infrastructure, finance, and industry sectors. He was instrumental in liberalizing the policy regime to attract international investment to crucial infrastructure sectors including power, airlines, ports and telecoms.

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