IMF Managing Director Michel Camdessus announced the appointment of Shigemitsu Sugisaki, a national of Japan, as Deputy Managing Director of the IMF for a five-year term, beginning on February 3, 1997. Mr. Sugisaki will succeed Prabhakar R. Narvekar, who is retiring.
Mr. Sugisaki is at present Special Advisor to the Managing Director, a position to which he was appointed in August 1994. Born in 1941, Mr. Sugisaki graduated from the University of Tokyo and Columbia University. He joined Japan's Ministry of Finance in 1964 as a member of the Minister's Secretariat. He held various positions in the International Finance Bureau and the Tax Bureau, and was appointed Personal Assistant to the President, Asian Development Bank in 1976.
Mr. Sugisaki rejoined the Ministry of Finance in 1979, holding a number of positions, including that of Deputy Vice Minister of Finance for International Affairs in 1990-91, Deputy Director General of the International Finance Bureau in 1991-92, and Commissioner of the Tokyo Regional Taxation Bureau in...