KATHMANDU, Sept 6: The Asian Development Bank (ADB) has appointed Ingrid van Wees as vice president for Finance and Risk Management.
van Wees will be responsible for the overall management of the operations of the Office of Risk Management, the Controller’s Department, and the Treasury Department. She succeeds Thierry de Longuemar, according to a press note issued by the ADB on Monday.
van Wees is a senior official in the German Investment and Development Corporation (DEG) where her current portfolio covers debt, equity, and fund investments in Europe, the Middle East, and Asia, reads the note. "She also has treasury experience in developmental investment banking."
Before she moved to DEG in 2004, van Wees held management positions in corporate finance and business development with private corporations.
She holds a Masters degree in Business Administration from INSEAD and Mechanical Engineering from Delft University of Technology in the Netherlands.
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, ADB in December 2016 will mark 50 years of development partnership in the region. It is owned by 67 members—48 from the region. In 2015, ADB assistance totaled $27.2 billion, including co-financing of $10.7 billion.