"The primary responsibility of the Chief Investment Officer is leading the planning and supervision of the bank's infrastructure investment by promoting sustainable investment throughout Asia," Finance Ministry said in a statement.
In his career spanning 30 years, Pandian has held key positions at the state, national, and international levels in energy, infrastructure, finance, and industry sectors. He has also served as the Gujarat chief secretary.
Pandian was instrumental in liberalising the policy regime to attract international investment to crucial infrastructure sectors including power, airlines, ports and telecoms, the statement added.
The Beijing-based USD 100 billion multi-lateral lender AIIB was set up to boost lending for infrastructure projects.
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The China-initiated development bank was formally set up in Beijing on December 25, 2015. China had nominated its former Finance Minister Jin as the first president of AIIB.
China, India and Russia are the three largest shareholders, taking 30.34 per cent, 8.52 per cent and 6.66 per cent stake, respectively, in the newly-formed bank.
Their respective voting shares are calculated at 26.06 per cent, 7.5 per cent and 5.92 per cent.