

16 January 1960
Born the son of German parents in the USA
Education
Abitur (senior school-leaving certificate) from Neusprachliches Gymnasium in Ahlen, North Rhine-Westphalia.
Trained as a bank clerk with Dresdner Bank, Münster
Studied business management at Westfälische Wilhelms University in Münster
Awarded PhD by the Friedrich-Alexander University in Erlangen-Nürnberg
1987 - 1991
Deutsche Bank, Head Office in Frankfurt am Main (holder of the power of procuration)
1992 - 2002
JP Morgan, Frankfurt am Main and London (Managing Director)
2002 - 2005
Rothschild, Frankfurt am Main and London (Co-Head Rothschild Germany)
2005 - 2009
Bank of America, Frankfurt am Main and London (Head of Germany, Austria and Switzerland, Vice Chairman Europe )
Since 2009
Honorary professor at the European Business School in Oestrich-Winkel
Since May 2010
Member of the Executive Board of the Deutsche Bundesbank
responsible for the Financial Stability Department, the Statistics Department
and the Risk Controlling Department