Vice-Chair of the Supervisory Board

Education

1975
Postgraduate degree in Political Science, University Paris 1 Panthéon-Sorbonne
1974
Postgraduate degree in International Public Law, Master of Political Science, University Paris 1 Panthéon-Sorbonne
1973
Master’s degree in Law, University Paris 1 Panthéon-Sorbonne

Professional career

Since October 2019
Vice-Chair of the Supervisory Board, European Central Bank
Since December 2012
Member of the Executive Board, European Central Bank
1998-2012
Governor of the Banque centrale du Luxembourg (BCL)
1989-98
Director of the Treasury
Personal Representative of the Minister of Finance during the negotiation of the Maastricht Treaty
1985-89
Government Commissioner for the Luxembourg Stock Exchange (Securities Market Authority)
1983-98
Member of the Council of the Luxembourg Monetary Institute (banking supervisory authority)
1981
Adviser, international financial and monetary relations, Ministry of Finance
1980-81
Financial Counsellor, Permanent Representation of Luxembourg to the United Nations, New York
1978-79
Attaché, Ministry of Finance
1976-78
Secondment to the International Monetary Fund (IMF), Washington, D.C.
1975
Assistant, Ministry of Finance
1974
Admitted to the Luxembourg Bar

Other posts

2011-12
Elected Co-Chair of the Financial Stability Board’s Regional Consultative Group for Europe
2011-12
President of the Fondation de la Banque centrale du Luxembourg (BCL’s Foundation) which promotes research and higher education in the BCL’s fields of activity
2010-12
Deputy Chair of the Governing Board of the International Islamic Liquidity Management Corporation (IILM)
2006-12
Member of the Board of the Luxembourg School of Finance Foundation (FLSF)
2000-12
President of the non-profit association, The Bridge Forum Dialogue a.s.b.l, founded in 2000 with the participation of the European Union institutions and bodies established in Luxembourg
1998-2012
Alternate Governor for Luxembourg on the Board of Governors of the International Monetary Fund (IMF)

Major previous positions and mandates

1989-98
Monetary Committee of the European Communities: full member
1982-85
Monetary Committee of the European Communities: alternate member
 
World Bank: Alternate Governor
 
European Bank for Reconstruction and Development (EBRD): Alternate Governor
 
European Investment Bank (EIB): Member of the Board of Directors
 
President of the Office du Ducroire (Luxembourg Export Credit Agency)
 
Vice-President of Société nationale de crédit et d’investissement (Luxembourg National Development Bank)
 
Administrator representing the State on the boards of the following bodies:
  • ARBED S.A. (steel company)
  • Société européenne de satellites (SES) (European Satellite Company)
  • Entreprise des Postes et Télécommunications (Post and Telecommunications Company)
  • Société Nationale des Habitations à Bon Marché (National Housing Company)
  • Banque et Caisse d’Epargne de l’Etat (State Savings Bank)

Distinctions and awards

2019
Lámfalussy Award from the Magyar Nemzeti Bank (Hungary)
2014
Honorary Professor at the University of Luxembourg
2013
Honorary Doctor of Laws degree from Miami University