ADB appoints Masato Kanda as 11th president, succeeding Asakawa
On Monday, February 24, 2025, the Asian Development Bank (ADB) announced Masato Kanda as its new president, succeeding Masatsugu Asakawa.
Kanda brings nearly four decades of experience in international finance and development policy to his role, previously serving as Japan's vice minister of finance for international affairs.
In his inaugural statement, Kanda committed to addressing 'pressing development challenges' with pragmatic actions that deliver real results for the region.
ADB board of governors chair Fabio Panetta praised Kanda's wealth of experience and perspective, expressing confidence in the bank's future under his leadership.
Kanda will serve as ADB's 11th president and take on the unexpired term of Mr. Asakawa until Nov. 23, 2026.
The appointment underscores the ADB's commitment to adapting to evolving needs while strengthening its legacy and addressing future challenges.
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