"It is a great honour to receive the mandate of ADB members to serve as president of the ADB for another five years," said Nakao. Nakao was first elected as president by the board of governors on April 28, 2013 to serve the three-and-a-half years remaining of the term of his predecessor, Haruhiko Kuroda.Nakao is the ninth president of ADB. Born in 1956, Nakao holds a BA in Economics from the University of Tokyo and an MBA from the University of California, Berkeley. Nakao also taught international finance as a visiting professor at the University of Tokyo in 2010 and 2011. He was the sole nominee after ADB's governors were invited from May 31 to June 30 to make nominations for the organisation's presidency.

Source: The Nation Bangkok August 05, 2016 18:01 UTC