Nout Wellink

Nout Wellink has served as a member of the Executive Board of the Dutch Central Bank (“DNB”) for almost 30 years, the last 14 years as its President. He retired from DNB on 1 Juli 2011. Since the establishment of the European Monetary Union Mr Wellink served as a Member of the Governing Council of the European Central Bank (“ECB”). Starting from 1997, Mr Wellink served as a member of the Board of Directors of the Bank for International Settlements (“BIS”), which he chaired from 2002 to 2006. From 2006 to 2011 he also chaired the Basel Committee on Banking Supervision. From 1997 to 2011, Mr Wellink was a member of the Group of Ten Governors and a Governor of the International Monetary Fund (“IMF”). Prior to his appointment in 1982 as an executive director of DNB, Mr Wellink held several posts in the Dutch Ministry of Finance, including as the Treasurer General from 1977 to 1982. After studying Dutch law at the Leyden University from 1961 to 1968, with a Master’s degree obtained, Mr Wellink obtained a doctor’s degree in economics   at the Rotterdam Erasmus University in 1975. In 2008 he received an honorary doctorate from Tilburg University. From 1988 to 1998, Mr Wellink was an Extraordinary Professor at the Free University in Amsterdam. Mr Wellink has and had many secondary functions  and is currently an independent non-executive director of the Bank of China, the chairman of PwC’s Public Interest Committee,  and the chairman of the Supervisory Board of the Leyden University. He was awarded a Knighthood in the Order of the Netherlands Lion in 1980 and is since 2011 Commander of the Order of Orange-Nassau.