Keep your friends close, but your enemies closer," he said.
The Korea Institute for International Economic Policy's executive director, Lim Ho-yeol, estimates that China will be AIIB's largest shareholder with 29.8 percent, followed by India (8.4 percent), Russia (6.5 percent), Germany (4.5 percent) and South Korea (3.7 percent).
Desai said there is shortfall of infrastructure funding in Asia, which means there's room for the AIIB. A 2013 report from HSBC indicated that the continent needed $11.5 trillion in infrastructure investment in order to meet the needs of Asia's urban population, by the end of that year alone