MANILA, PHILIPPINES (22 September 2023) — The Asian Development Bank (ADB) has appointed Bhargav Dasgupta as Vice-President (Market Solutions) for a period of 3 years. He will be responsible for management of the operations of ADB’s Private Sector Operations Department and Office of Markets Development and Public–Private Partnerships.

Mr. Dasgupta is a financial industry leader with over 35 years of experience across a range of economies, including in Asia and the Pacific. He is currently Chief Executive Officer of ICICI Lombard General Insurance Co. Ltd., the largest nonlife insurance company in India. He led ICICI’s successful initial public offering, making it the first listed general insurance company in India.  

In his earlier years at ICICI Bank, Mr. Dasgupta held various leadership positions in project finance, corporate banking and treasury, e-commerce, international banking, and insurance. He was instrumental in ICICI's globalization and insurance business growth. As Senior General Manager and Head of the International Business Group and the Global Markets Group, Mr. Dasgupta was responsible for the company's clients in international markets, including correspondent banks and all international lending. He also led the establishment of international operations in 14 countries through branches, subsidiaries, or representative offices. 

Mr. Dasgupta holds a post graduate diploma in business administration from the Indian Institute of Management in Bangalore, India. He obtained his bachelor of engineering (mechanical) degree from Jadavpur University in Kolkata, India. 

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region. 

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