Former U.K. Minister Danny Alexander Set for AIIB Role, FT Says

Ex-British Treasury Minister Danny Alexander is set to move to China to become one of five Beijing-based vice-presidents of the new Asian Infrastructure Investment Bank, the Financial Times reported.

QuickTake China’s World Bank

Alexander, the former Liberal Democrat Treasury chief secretary, lost his seat at the U.K.’s general election last year, the newspaper said.

While Britain would take one of the resident vice-president’s jobs, Germany would take a vice-president’s role and one of the two vice-chairs on the AIIB’s board of governors, the FT said, citing one unidentified person familiar with operations at the bank, which is China’s version of the Washington-based World Bank.

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