Rolf Wenzel, new Governor of the CEB

19 December 2011

Rolf Wenzel new Governor of the CEBPARIS - Mr. Rolf Wenzel, a German national, took office as Governor of the Council of Europe Development Bank (CEB) on 18 December 2011. He was elected for a five-year term.

Mr. Wenzel was the Head of the Financial Market Policy Department of Germany’s Federal Ministry of Finance. In that capacity, he directed inter alia the establishment of Germany’s Financial Market Stabilisation Agency and participated actively in some major bank restructurings. He served as Germany’s Alternate Governor in several regional multilateral development banks and represented Germany in international fora such as G7/G8, G20 and OECD. Prior to that, he served as Deputy Director General for international financial and monetary policy.

At the Ministry of Finance, he also worked on European issues, specialising in European Economic and Monetary Union (EMU); as a member of the German delegation to the intergovernmental conference on EMU, he participated in the negotiations that led to its creation. He also served as an Advisor to the German Executive Director at the International Monetary Fund.

Rolf Wenzel, who is fifty-seven years old, received a Doctorate in Economics and Econometrics from Ruhr University in Bochum after studying at the University of Hamburg and the London School of Economics.