Mark Boleat, Policy Chairman for the City of London Corporation, welcomes the appointment of Sir Danny Alexander as a vice-president at the Asian Infrastructure Investment Bank.

“Sir Danny Alexander’s appointment as a vice-president at the Asian Infrastructure Investment Bank is a welcome announcement. The experience he will bring to the table as the former Chief Secretary to the UK Treasury will be a real asset for the bank and the City of London looks forward to supporting him in confirming the UK’s role as a key member of the institution.”

“The UK fully recognises the strategic importance of the AIIB which is why we were the first major western country to back its creation last year. The City of London matches that view and strongly endorses the AIIB as we believe the UK’s involvement can help to unlock enormous financial sector opportunities across Asia for British firms.”