Rajat Nag is ADB's new Managing Director General

Singapore, Nov 14 (UNI) The Asian Development Bank (ADB) has appointed Mr Rajat M Nag as its new Managing Director General from December 14, 2006.

Mr Nag moves from his current position of Director General of ADB's Southeast Asia Department, as well as concurrently Special Advisor to the ADB President on Regional Economic Cooperation and Integration.

As Managing Director General, he will be engaged in high level coordination and synthesis of work among ADB's four Vice Presidents, under the overall guidance of the President, said the Manila-based ADB in a statement here today.

He will take over from Mr Young-Hoi Lee after his term finishes on December 14 this year.

Mr Nag, a Canadian with 30 years of professional experience, joined ADB in 1986 as Project Economist in the Agriculture Department.

He has degrees in Engineering (Indian University of Technology, Delhi and University of Saskatchewan, Canada), Business Administration (University of Saskatchewan, Canada), and Economics (London School of Economics, United Kingdom).

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