Naka, a Japanese national, has more than 25 years of experience working with the Japanese ministry of finance and multilateral organizations, where he specialized in issues such as economic sanctions, anti-money laundering and supervision of financial institutions, as per the sources.

"Hiroshi's expertise will greatly benefit the World Bank Group, " Kim said.

He said that, "He has a deep knowledge of controls and broad experience in policy coordination, foreign exchange control, supervision of international and Japanese banks and managing complex relationships with multilateral organizations.”

Naka will be responsible for providing leadership on evaluating and improving the effectiveness of the organization’s risk management, control and governance processes. His appointment will be effective July 2014.

(Agencies)

Latest News  from Business News Desk