ON September 9, Asian Development Bank (ADB) President Masatsugu Asakawa confirmed the news that had been known informally within the bank for weeks and formally announced he would be resigning his post effective Feb. 23, 2025, about a year ahead of the expiration of his five-year term in office. The departure of Asakawa, or "Masa," as he likes to be called, brings to a close a remarkable tenure that saw the veteran of the Japanese finance ministry guide ADB through some of the most profound changes in its more than 50-year history.

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