AIIB appoints CFO, general counsel

The Beijing-based lender has hired Thierry de Longuemar and Gerard Sanders shortly before holding its first annual meeting, during which it is expected to approve its first batch of investments. 

The Asian Infrastructure Investment Bank has appointed Thierry de Longuemar as chief financial officer and Gerard Sanders as general counsel. 

De Longuemar will provide strategic and technical leadership in all aspects of the bank's financial management, AIIB said in a statement. He will be responsible for key financial planning and capital adequacy issues, and overseeing financial reporting at the bank. 

De Longuemar will join from the  Asian Development Bank , where he has been serving as vice president for finance, administration and risk management since 2011. He will join the AIIB in September. 

With more than 30 years' experience working in both the multilateral and private sectors, de Longuemar previously served as vice president for finance at the African Development Bank between 2004 and 2010, and as global head of central banks and supra-nationals at Dutch investment bank ABN Amro. 

Newly appointed general counsel Sanders will be leading the planning, implementation and supervision of the bank's legal function, which includes providing legal advice to the bank's management, board of directors and the board of governors on all aspects of the bank's operations. 

For the past two years, Sanders has been general counsel at the International Fund for Agricultural Development. Prior to that, he worked at the European Bank for Reconstruction and Development for more than 20 years, most recently as deputy general counsel. 

He will join AIIB in August, taking over the position from Natalie Lichtensein. 

Headquartered in Beijing, the $100 billion multilateral lender is designed to provide financial support for infrastructure development and regional connectivity in Asia. Having been up and running since January, the bank will hold its first annual meeting at the end of this month to approve financing for its first batch of projects . It will also look to increase its members from 57 to 100.