"After completing a successful career in the Ministry of Foreign Affairs, Andrei Bougrov participated in the establishment of the European Bank for Reconstruction and Development (EBRD), and then worked for nine years as executive director on behalf of Russia at the World Bank Group,” the statement said.
It added that Bougrov, who currently services on the boards of directors of a number of major Russian and foreign companies, had extensive knowledge in the field of international financial relations.
The three major shareholders of the AIIB are China with 30.3 percent, India with 8.5 percent and Russia with 6.7 percent of the bank’s shares, with voting-rights apportioned in roughly the same way.
Earlier this month, China nominated former Deputy Finance Minister Jin Liqun as president of the AIIB. Jin Liqun is also incumbent AIIB secretary general of the Multilateral Interim Secretariat.