The Asian Development Bank(ADB) has appointed Ashok Lavasa as its Vice-President for Private Sector Operations and Public–Private Partnerships, who is currently serving as one of the Election Commissioners of India(since January 2018). He will succeed Diwakar Gupta, whose term will end on 31 August, 2020.
About Ashok Lavasa
i.Ashok Lavasa, a retired 1980 batch IAS officer of Haryana cadre. He was born on 21st October 1957.
ii.Post held– Prior to the post of Election Commissioner he served as Union Finance Secretary of India. Earlier he served as the Union Secretary for the Ministry of Environment, Forests, and Climate Change and also as Union Secretary for the Ministry of Civil Aviation among other senior posts.
Note– He still has over 2 years’ term left as an Election Commission of India.
There is also a possibility that he would have appointed as the Chief Election Commissioner (CEC) in 2021, because current CEC Sunil Arora will retire on April 2021.
Awards Received– The International Alumnus Impact Award in 2019 from Southern Cross University, Australia, the Distinguished Alumnus Award in the year 2015, LifeTime Achievement Award in the year 2018, Alumnus of the Decade Award in the year 2019(by the Hindu College Old Students Association)
About Diwakar Gupta:
i.Diwakar Gupta assumed office as the Vice president of ADB in August 2015.
ii.Prior to this post he served as a Senior Advisor (Banking Project), Aditya Birla Nuvo Ltd., Mumbai.
iii.He also served as the Managing Director and Chief Financial Officer of the State Bank of India(SBI). He joined the SBI in 1974 and held several positions at its various units and subsidiaries.
iv.He also worked as Independent Director on the boards of various business councils, financial services companies and other private organizations in India.
About ADB:
Headquarters– Metro Manila, Philippines
President– Masatsugu Asakawa
