Asian Infrastructure Investment Bank (AIIB) President Jin Liqun has announced changes to the Bank’s Senior Management Team effective August 1, 2021.
Joachim von Amsberg will step down as Vice President for Policy and Strategy
After more than five years leading the Strategy, Policy and Budget Department, von Amsberg will step down as Vice President to be closer to his family. He will transition to become Special Advisor to President Jin.
Von Amsberg led AIIB in the development of its first Corporate Strategy and the crafting of all of the Bank’s sector strategies. He shepherded the Bank through the COVID-19 pandemic, launching a Crisis Recovery Facility that has supported many of AIIB’s members. Under his leadership, a revised Environmental and Social Framework was approved, as was the negotiation of AIIB’s participation in international partnerships, including the Global Infrastructure Facility and the Multilateral Cooperation Center for Development Finance.
“The impact Joachim has had on our Bank cannot be overstated, particularly his role in guiding AIIB’s first Corporate Strategy into existence,” said President Jin. “He brought to AIIB deep expertise of how multilateral development banks operate, which was critical in our startup years. We will think of him for years to come when we talk about the origins of our mission to invest in the Infrastructure for Tomorrow.”
Sir Danny Alexander to become Vice President for Policy and Strategy
As approved by AIIB’s Board of Directors, Sir Danny Alexander, Vice President and Corporate Secretary, will take over as Vice President for Policy and Strategy, reporting to President Jin.
As a member of the Senior Management Team since 2016, Alexander has played a pivotal role in establishing AIIB’s governance structure and shareholder relations program, including leading the negotiations on the Accountability Framework. AIIB’s membership has grown from 57 founding members to 103 approved members under his tenure.
“AIIB is poised to help our members battle the dual emergencies of climate change and the pandemic and Danny has demonstrated a keen understanding of the impact AIIB can play in this transition. He is also an excellent negotiator and leader who will bring passion to his new role,” said President Jin. “I believe Danny will help strengthen our ability to serve our clients and I want to congratulate him on this new opportunity.”
Ludger Schuknecht to be appointed as Vice President and Corporate Secretary
Schuknecht has been appointed by AIIB’s Board of Directors to the position of Vice President and Corporate Secretary, reporting to President Jin. He will also become a member of the Bank’s Senior Management Team.
Schuknecht has held important leadership posts at the national and international levels. Most recently, he was a Visiting Professor at the Lee Kuan Yew School of Public Policy. Prior to this role he was Deputy Secretary-General at the Organization for Economic Co-operation and Development and was previously Chief Economist and Director General of Germany’s Federal Finance Ministry. He has extensive experience working with international financial institutions, including the IMF and World Bank, and acted as the Chief Negotiator for Germany in the founding of AIIB. In addition, Schuknecht was Co-chair of the Infrastructure Investment Working Group of the G20, which gives him deep understanding of the sector and its needs.
“As one of the architects of the founding of AIIB and the drafting of its Articles of Agreement, Ludger is uniquely qualified to take on a leadership position responsible for the Bank’s governance and member relations,” said President Jin. “He is also a thought leader in the areas of international finance and fiscal policy, which are skills that will help AIIB as it moves from startup to growth phase. I look forward to hearing his perspectives and ideas as a member of my Senior Management Team.”
About AIIB
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 103 approved members worldwide. We are capitalized at USD100 billion and Triple-A-rated by the major international credit rating agencies. Working with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.
