Ministry of Economic Development of the Russian Federation
Ministry of Economic Development of the Russian Federation
Konstantin Limitovsky Is Appointed Vice-President of the Asian Infrastructure Investment Bank
23 December 2019 16:53

Board of Directors of the Asian Infrastructure Investment Bank (AIIB) has approved Konstantin Limitovsky as Vice President for Investment Operations of the Bank. He was recommended for appointment by the President of AIIB Mr. Jin Liqun.

Formerly, Konstantin Limitovsky held the position of Senior Counsellor to the President of the Bank and of Head of the Department for Customer Relations and Program Activities. In his new position, he will be responsible for AIIB investments in Europe, Africa and Latin America, Central, East and Western Asia, Pakistan and Afghanistan.

Before this appointment, the entire direction of investment operations was headed by Vice President Dr. D. J. Pandian, who will continue to oversee investments in South and South-East Asia. Konstantin Limitovsky was appointed under the framework of a restructuring aimed at expanding operating activities of the Bank.

The new corporate structure is designed to improve integratedness and coordination of the AIIB efforts to attract customers and develop business in order to expand the investment programme for a complete satisfaction of the needs of all member countries of the Bank.

Asian Infrastructure Investment Bank is a multilateral development bank headquartered in Beijing, which started operating activity in 2016. The share of Russian votes in Bank capital is 6 %. The Bank shareholders include not only Asian but also Western countries: Great Britain, Canada, France, and the Netherlands, among others.

Maxim Oreshkin, Minister of Economic Development of Russia, holds a position of Russian Managing Director. On December 12, 2019, at the scheduled meeting, the Board of Directors approved its first sovereign loan to the Russian Federation amounting to 0.5 bln dollars for infrastructure development.

Дата публикации: December 23, 2019
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