As ADB’s Vice-President for Finance and Administration, Mr. de Longuemar will oversee the Office of the Secretary, Office of the General Counsel, Budget, Personnel and Management Systems Department, Office of Administrative Services, Controller’s Department and Treasury Department.

Mr. de Longuemar, who has over 26 years of experience in both multilateral financial institutions and private banking, will be responsible for the overall efficiency and effectiveness of the institution’s financial and administrative management. As ADB’s Treasurer, Mr. de Longuemar was responsible for managing the institution’s extensive funding and investment activities. In 2010, ADB raised $14.9 billion in public and private bond issuance to fund operations totaling $17.51 billion. Prior to that, he held the position of Vice-President Finance at the African Development Bank, where he led an internal reorganization in 2005 and 2006.

The Board, acting on the recommendation of President Kuroda, has also approved Bindu N. Lohani, who has held the position of Vice-President (Finance and Administration) since April 2007, as Vice-President (Knowledge Management and Sustainable Development). Mr. Lohani will oversee the Economics and Research Department, Office of Information Systems and Technology, and Office of Regional Economic Integration, and the Regional and Sustainable Development Department.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members -- 48 from the region. In 2010, ADB approvals, including, cofinancing, totaled $17.51 billion. In addition, ADB’s ongoing Trade Finance Program supported $2.8 billion in trade.