ADB appoints Juan Miranda as Managing Director General

Friday, 13 June 2014 01:49 -     - {{hitsCtrl.values.hits}}

The Asian Development Bank (ADB) has announced the appointment of Juan Miranda as the Managing Director General. The appointment is effective 1 July 2014. Miranda is currently the Director General of ADB’s South Asia Department where he oversees ADB’s assistance programs and knowledge solutions in six countries – Bangladesh, Bhutan, India, Maldives, Nepal, and Sri Lanka – across areas such as transport, energy, urban services, capital markets, education, health, and agribusiness. Prior to this, he headed the Central and West Asia Department from May 2006 to 2012. In his role as the Managing Director General, Mr. Miranda will work directly with ADB President Takehiko Nakao and the rest of his management team to implement all the reforms agreed after the recent midterm review (MTR) of ADB’s strategic framework. “The MTR lays out changes needed for ADB to deliver better and faster services to our clients. ADB will innovate more, deregulate and empower more, and expand the right expertise. I will be working closely with Management and staff across the organization to facilitate this process. This is an exciting time for ADB and I am honoured to be part of the team tasked to help execute these changes,” Miranda said. Miranda initially joined ADB as a project economist in 1987 to 1990. He rejoined ADB in February 2004 as a senior advisor responsible for an ADB-wide initiative to drive innovation and efficiency. Miranda has a long-standing experience in project and corporate finance, with an emphasis on infrastructure, selected public services, and utilities. He has worked on fund raising for build-operate-transfer contracts, concessions, and joint ventures between public and private sponsors. He also advised on mergers and acquisitions, and privatisation mandates. Before rejoining ADB, Miranda held senior posts in leading commercial and investment banks, as well as in European Bank for Reconstruction and Development. He founded and ran his own investment banking boutique in London. He was also a founding partner of an investment bank in Spain. Miranda is a Spanish national and a graduate of Reading University in the United Kingdom.