Mitsuo Sato

Mitsuo Sato (佐藤 光夫, February 1, 1933 – October 20, 2002)^[1] was a Japanese government official who served as the 6th president of the Asian Development Bank (ADB).^[2] He also served as the vice president of the Tokyo Stock Exchange.^[3]

Life

Sato was born in Gunma Prefecture, Japan. He graduated from Shibukawa High School and later from the Faculty of Law at the University of Tokyo. In 1955, he joined the Ministry of Finance. Between 1970 and 1973, he worked as an economist in the Fiscal Affairs Department of the International Monetary Fund (IMF), specialising in tax policy. Within the Ministry of Finance, he held several key positions, including Director of the Office of General Affairs in the Securities Bureau and Director of the Revenue Department at the Osaka Regional Taxation Bureau.^[4] In 1980, he became Director-General of the Fukuoka Regional Taxation Bureau and later served as Deputy Director-General of the International Finance Bureau. In 1986, Sato was appointed as an advisor to the Tokyo Stock Exchange, later becoming an Executive Managing Director, and in 1991, he was promoted to Vice President of the Exchange.^[5]

In November 1993, Sato was appointed as the 6th president of the Asian Development Bank (ADB), a position he held until 1999.^[6][7] After stepping down from the ADB, he took on advisory roles, including serving as a special advisor to the Dai-ichi Life Research Institute. He also gave numerous lectures on his experiences, particularly in relation to the Asian financial crisis.^[1]

References

1. "前総裁死去". 「日刊まにら新聞」ウェブ (in Japanese). 2024-10-16. Retrieved 2024-10-16.
2. ralph (2024-10-09). "About ADB". www.adb.org. Retrieved 2024-10-16.
3. "ADB Chief Quits Amid Mounting Criticism of Role". The New York Times. 2 July 1993.
4. 金融財政事情 [Study of Financial and Fiscal Policies] (in Japanese) (1393 ed.). Tokyo, Japan: 金融財政事情研究会. 30 October 1978.
5. "東京証券取引所『東京証券取引所50年史』(2002.12) | 渋沢社史データベース". shashi.shibusawa.or.jp. Retrieved 2024-10-16.
6. "佐藤アジア開発銀行総裁、来年1月付で辞任 - NNA ASIA・フィリピン・undefined". NNA.ASIA. Retrieved 2024-10-16.
7. Liden, Jon (29 July 1998). "Mitsuo Sato Is to Leave Helm Of Asian Development Bank". The Wall Street Journal.