Mr Bong-Suh Lee, ADB vice-president during 1993–1998, was elected AFE president for a 4-year term starting on 16 February 2009. Mr Lee has a BS in finance from the Wharton School, University of Pennsylvania, and a PhD in economics from Harvard University.
He started his career as an economist at the World Bank. Before joining ADB in 1993, Mr. Lee held a series of senior positions in the Korean government, culminating in his appointment as minister of energy and resources during 1988–1990 and as minister of trade and industry during 1990–1991.
In 1993, he became vice-president for Projects at ADB. After ADB regionalized its operations, he became vice-president for Region West.
Since leaving ADB in 1998, Mr Lee has been chairman of several Korean enterprises.
AFE–ADB is most pleased to welcome Mr Bong-Suh Lee as our new president.
AFE–ADB President Bong-Suh Lee was in Manila on 26–28 March 2009 to pay a courtesy call on ADB President Haruhiko Kuroda, and to meet with AFE officers Hans-Juergen Springer, Jill Gale de Villa, and David Parker to learn about AFE's current status and activities. In the meeting with Mr Kuroda, Mr Lee emphasized that pensioners as a group feel vulnerable, especially during the present economic downturn, and are looking to the ADB for reassurance that their pensions are safe. AFE hosted a cocktail reception that brought together ADB vice presidents, staff, and AFE members actively engaged in cooperation between ADB and AFE. Bindu Lohani, vice president for finance and administration, tendered a lunch in honor of AFE President Lee. Mr Lee also met with some AFE members and reconnected with the organization that he had served as a vice president for 5 years.
Malou Magalued, Jo Aquino, David Parker,
Hans-Juergen Springer, Bong-Suh Lee, and Jill Gale de Villa
C. Lawrence Greenwood, Bindu Lohani,
Bong-Suh Lee, Xiaoyu Zhao, and Rajat Nag