Long-time AIIB Vice President Sir Danny Alexander to Step Down

Sir Danny Alexander, the Vice President for Policy and Strategy of the Asian Infrastructure Investment Bank (AIIB), is departing the Bank in October at the end of his term to return to the United Kingdom.

A cornerstone of AIIB's management team since joining the Bank in February 2016, a month after its official operations began, Sir Danny oversaw environmental and social policies while driving AIIB's strategic direction, sectoral and country priorities, investment strategy and operating budget. His efforts helped position AIIB as a leading institution in infrastructure finance and ensure the Bank adhered to the highest standards of sustainability and social responsibility.

"Sir Danny has been instrumental in expanding AIIB's membership, shaping the Bank's strategic direction and strengthening our policy framework," said Jin Liqun, AIIB President and Chair of the Board of Directors. "We thank him for his leadership and dedication and wish him all the best in his future endeavors."

Sir Danny initially served as AIIB's Vice President and Corporate Secretary, and subsequently led the Bank's Policy and Strategy Vice Presidency.

As Sir Danny prepares to assume an executive leadership position with HSBC, an open and competitive process will be undertaken to recruit his successor at AIIB.

About AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow-infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 109 approved members worldwide. We are capitalized at USD100 billion and Triple-A-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients' needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.