Choksi appointed national president of RIC

"RIC has made tremendous strides in less than a year of its existence and, in that short period, it has already developed an excellent reputation across the country," Armeane M Choksi said in a statement.

"I will focus my efforts on making RIC a major force for positive change in American politics," said Choksi, who spent 22 years with the World Bank (1974-1996), rising to the senior executive position of Vice President.

During his tenure, Choksi negotiated investment projects and economic policy changes with governments of several emerging markets. The portfolio of projects that he managed in Latin America exceeded USD 8 billion.

After leaving the World Bank in 1996, Choksi founded and was chairman and president of two investment companies, Rubicon Capital Investments that invested in Latin America and Hudson Fairfax Group that invested in India.

Choksi has written extensively on foreign trade and economic liberalisation and is currently an Adjunct Professor at the Wharton School at the University of Pennsylvania.

He also serves on several governing boards, including The University of Edinburgh USA Development Trust, The Washington Ballet, JINSA and the International Advisory Board of Freedom from Hunger.

He is also on the Editorial Board of the Journal of International Security Affairs.
Choksi is president of the US-India Institute, a Washington-based think tank established to promote a lasting alliance between the world's two largest democracies, particularly in the areas of security, defence and economic relations.