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Mr. Rao joined Exim Bank of India in March 1983 when the Bank had just commenced operations, and has been closely associated with several of the Bank’s lending and service programmes, particularly in the areas of project financing and the rendering of value added information, advisory and support services. Mr. Rao had a stint of five years as the Bank’s Representative in Washington D.C. He was subsequently based in New Delhi as the Bank’s Regional Resident Representative responsible for the activities of Exim Bank of India in Northern India. In this capacity he was responsible for the Bank’s lending and service programmes in addition to interaction with the Government, Embassies, international agencies as also industry associations and trade bodies. Before joining Exim Bank of India, Mr. Rao was with Tata Consulting Engineers where he was involved with the provision of a range of project formulation, implementation and monitoring services for a variety of chemical and industrial projects.
Mr. Kawasumi has been with DBJ since 1985 when he started as a staff of its Transportation Department. He was a staff of the Bank’s Fukuoka Branch in 1986 engaged in financing activities towards regional development and energy related companies. He was Researcher in the Bank’s Credit Analysis Department in 1989. Mr. Kawasumi was a Researcher in the International Energy Policy Department, Agency for Natural Resource & Energy, Ministry of International Trade & Industry in 1992. He became researcher of DBJ’s Osaka Branch in 1994 with financing activities towards logistics and energy related companies. In 1997 he headed the Corporate Planning & Management Department of the Design Automation Co, Ltd, PC software development. He also headed the Bank’s General Affairs Department in 1999 as well as the Administration & Policy Department in 2001. In 2004, he became the Head of the Environment & Energy Department of DBJ. Mr. Kawasumi is a lawyer by profession.
He brings with him a wealth of banking experience to his new post. Prior to his appointment, he was Vice-Chairman of Export & Industry Bank (EIB). Since joining EIB in 1997, he has been actively involved in running the affairs of the bank, particularly in the strategic and profitable deployment of its resources. Mr. David said that after having been in the private sector his entire life, “a certain time comes when duty calls for one to render public service. For me, that time has come, and I am committed to serve government through DBP which plays a strategic role in fast-tracking the country’s economic development.” A Ten Outstanding Young Men (TOYM) awardee for offshore banking in 1977, Mr. David also served as Vice President and Treasurer of Citibank N. A. up to 1979, where he was responsible for the bank’s liquidity, foreign exchange, and long-term funding situation. He was assigned to New York in 1970 for a period of three years as Citibank’s strategic planning officer for the Asia-Pacific region. He was assigned to Singapore in 1973 to manage Citicorp Finance Ltd., a wholly-owned merchant banking outfit which was involved in the underwriting of debt and equity, securitization and origination of trade paper for utilization as trading instruments. He also managed First Oversea Credit Ltd., a consumer and retail finance company jointly owned with Oversea Chinese Banking Corporation. Mr. David also held various posts in international conglomerates and was based in Hong Kong for several years. He was previously the executive director of Unicorp Finance Limited based in Hong Kong. He also held concurrent positions under a mandate from the Pratt Group, a major industrial Australian conglomerate. These positions included managing director and treasurer of the Pratt Group, and director of Pratt Finance (Asia) Ltd., a stock brokerage entity under the supervision of the Stock Exchange of Hong Kong. His responsibilities included management of the group’s liquidity, reviewing and managing risk assets and capital positions, and tax management. He was also licensed as a dealing director of Pratt Capital Asia, Ltd. Mr. David is a graduate of the De La Salle University where he finished Liberal Arts – Commerce in 1963 and became CPA in 1964. He graduated from an Advanced Management Program of the University of Hawaii in 1974. |
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Shri Shankarnarayan RAO, a graduate from the Indian Institute of Technology, Bombay, is the Executive Director of Export-Import Bank of India. Mr. Rao is responsible for a variety of functions including export credit, project and trade financing, corporate affairs, institutional linkages, planning and research, information technology, management information systems, and the provision of export related services at the Bank’s Headquarters in Mumbai.
Mr. Masamitsu KAWASUMI is the Chief Representative of the Singapore Office of the Development Bank of Japan (DBJ), an appointment entrusted to him since 2007.
Mr. Reynaldo DAVID was appointed as the new President and CEO of the Development Bank of the Philippines (DBP) replacing Mr. Simon Paterno who resigned from the Bank to join Credit Suisse First Boston as Managing Director.
