Tadao Chino, former vice finance minister for international affairs, has been elected president of the Asian Development Bank, succeeding Mitsuo Sato, according to the Finance Ministry.
Chino, 64, currently senior adviser to the ministry, will take the helm of the Manila-based ADB on Jan. 16, ministry officials said. His term ends Nov. 23, 2001.
Chino joined the Finance Ministry in 1960 after graduating from the University of Tokyo. He earned a reputation as an expert in international finance.
Chino was director general of the ministry's International Finance Bureau, now the International Bureau, from 1989 to 1991. He served as vice finance minister for international affairs from 1991 to 1993.