The Asian Development Bank (ADB) today said it has appointed Lakshmi Venkatachalam as Vice-President for a period of three years.
Venkatachalam, currently the Director-General of Shipping and ex-officio Additional Secretary in the Indian Government, will be responsible for ADB's private sector and co-financing operations, the multilateral funding agency said in a press release today.
ADB is planning to scale-up private sector operations and co-financing partnerships as a part of its long-term strategy.
Venkatachalam, an Indian Administrative Service officer from the Karnataka cadre, has also worked as Principal Secretary in the Karnataka Government. She was also the chairperson of the Coffee Board of India from 2000 to 2005.