Market Digest

Woochong Um made ADB MDG

Diplomatic Correspondent

23 February, 2021 12:00 AM printer

Woochong Um made ADB MDG

The Asian Development Bank (ADB) has appointed Woochong Um as Managing Director General and he will assume office immediately.

Um will report to ADB President Masatsugu Asakawa and support the President to institute bank-wide coherence on key initiatives and issues, according to a message received from ADB in Manila on Monday.

Woochong Um will play a key role in enhancing ADB’s internal and external communications across all activities that involve operations, knowledge, fundraising, and institutional reforms.

He will support the President in providing oversight to ADB’s Department of Communications, Office of Professional Conduct, and Office of the Ombudsperson.

“I am deeply honored to join President Asakawa’s Management team and to support implementation of ADB’s Strategy 2030 beyond the COVID-19 pandemic,” said Um.

“I look forward to using the knowledge and experience I have gained in the past 27 years at ADB to contribute to our organizational transformation and ensure we continue delivering high-quality development solutions to our members across the region,” he added.  Woochong Um joined ADB in 1993 and since June 2018, he served as Director General and concurrently Chief Compliance Officer of ADB’s Sustainable Development and Climate 

Change Department. In this role he led ADB-wide knowledge management and innovation work in all thematic and sector operation areas; established ADB-wide sector and thematic policies and strategies; and ensured compliance with ADB’s environment and social safeguards policies.

He also oversaw the administration of trust funds and global funding initiatives and served as ADB’s focal point for COVID-19 response.

Prior to joining ADB, he worked for Pfizer Inc. in New York and Pitney Bowes Inc. in Stamford, Connecticut, United States.