ADB official joins AIIB

BEIJING - The Asian Infrastructure Investment Bank (AIIB) has appointed Hamid Sharif, an official of the Asian Development Bank (ADB), as the first Director General of compliance, effectiveness and integrity (CEI).

"I am delighted to announce Sharif's appointment to this important leadership position," AIIB President Jin Liqun said in a statement on Thursday.

"The CEI Unit plays a fundamental role in the Bank's governance and Sharif brings with him more than two decades of rich experience in the public and private sectors," Jin said.

The Director General of the CEI Unit reports to the Board of Directors of AIIB. The CEI Unit's mandate includes monitoring and evaluating the Bank's portfolio, ensuring policy compliance, and overseeing internal and external grievance procedures.

Sharif is currently ADB country director for China where he oversees a $10 billion investment portfolio.