Continuation of Victor H. Frank, Jr., as United States Director of the Asian Development Bank

The President today announced that Victor H. Frank, Jr., will continue to serve as U.S. Director of the Asian Development Bank, with the rank of Ambassador.

Since 1987 Mr. Frank has served as U.S. Director of the Asian Development Bank. Prior to this, he served in various capacities with CPC International, including corporate vice president of government relations, 1986 - 1987; corporate vice president of information resources, 1982 - 1986; special assistant to the chief executive officer, 1980 - 1982; vice president of the consumer diversified unit, 1978 - 1980; vice president for finance of the Best Foods unit, 1973 - 1978; and tax counsel, 1966 - 1973. In addition, Mr. Frank served in the private practice of law in New York City, 1954 - 1966.

Mr. Frank graduated from Yale University (B.A., 1950; LL.B., 1953) and New York University Law School (LL.M., 1960). He was born April 4, 1927. Mr. Frank served in the U.S. Navy, 1945 - 1946. He is married, has three children, and resides in Manila, the Philippines.