India, Jan. 18 -- US President Donald Trump has announced his intent to appoint prominent Indian-American financial expert Prem Parameswaran to a key presidential advisory committee, the White House has said.

Parameswaran, 50, is the only Indian-American among the 12 members the president intends to appoint to the President's Advisory Commission on Asian Americans and Pacific Islanders.

Based in New York, Parameswaran is the Group Chief Financial Officer and president of Eros International's North America operations.

Trump also announced his intent to designate Elaine L Chao to be Co-Chair of the White House Initiative on Asian Americans and Pacific Islanders, the White House said in a statement on Thursday.

Other members the president ...