Former IAS officer D J Pandian has been appointed vice-president and chief investment officer (CIO) of Beijing-based Asian Infrastructure Investment Bank (AIIB).
He is retired IAS officer of Gujarat cadre and had served as chief secretary of the state. He also had worked on deputation with the World Bank. He was also the MD of Gujarat State Petroleum Corporation (GSPC).
About AIIB
With authorised capital of USD 100 billion and subscribed capital of USD 50 billion, AIIB will invest in sectors such as energy, transportation, urban construction and logistics as well as education and healthcare. China, India and Russia are the three largest shareholders, taking 30.34 per cent, 8.52 per cent, 6.66 per cent stake, respectively, in the newly-formed bank. Their voting shares are calculated at 26.06 per cent, 7.5 per cent and 5.92 per cent, respectively.