Newly opened AIIB names its top executives and governors

Tokyo

THE Beijing-based Asian Infrastructure Investment Bank (AIIB) has announced the appointment of five vice-presidents who will serve under its president Jin Liqun and who will be responsible for specific policy areas of the China-led bank.

The AIIB, which officially opened its doors for business last month, has also named governors and alternate governors of the bank from 29 groups which represent the 57 countries that have ratified or agreed to ratify its articles of association.

As announced towards the end of last year, China will be the biggest single shareholder in the AIIB, followed by India and Russia. Neither the US nor Japan has yet agreed to join the bank but its membership is spread throughout Asia, Europe and the…