Brazil’s Marcos Prado Troyjo Named as new President of NDB to Replace KV Kamath
- The board of governors of the New Development Bank (NDB) has unanimously elected Marcos Prado Troyjo, former deputy economy minister of Brazil, as the new President of NDB.
- He will replace KV Kamath.
- Marcos is scheduled to take charge on July 7, 2020.
- The board of governors has also appointed India’s Anil Kishora as vice president of the NDB.
- Kishora has 38 years of experience at India’s largest bank, State Bank of India (SBI).
- The Board of Governors of the NDB held a Special Meeting in virtual format on May 27, 2020, in which finance minister Nirmala Sitharaman represented India.
Source: NDB