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Election of Mr Rolf WENZEL to the post of Governor of the Council of Europe Development Bank

8 April 2011

PARIS - Meeting in Paris today, the Governing Board of the Council of Europe Development Bank elected Mr Rolf Wenzel, of German nationality, to the post of Governor, for a five-year mandate starting 18 December 2011. He will be succeeding Mr Raphaël Alomar, of French nationality.

Mr Wenzel, who holds a PhD in Economics, has since 2008 been Director General in charge of National and International Financial Market Policies for the German Federal Ministry of Finance.