Rolf Wenzel re-elected CEB Governor

PARIS – Rolf Wenzel was unanimously re-elected Governor of the Council of Europe Development Bank (CEB) at the Governing Board’s 213th meeting held today. His second term in office will commence on 18 December 2016. 

Rolf Wenzel was first elected for a five-year term as CEB Governor in April 2011. He had previously served as Head of the Financial Market Policy Department of Germany’s Federal Ministry of Finance and as Senior Advisor to the Executive Director for Germany at the International Monetary Fund. He had also represented Germany in international fora such as the G7/G8, the G20, and the OECD.

Commenting on his re-election, Governor Wenzel said: “I am very honoured to have been entrusted by the CEB’s member countries with a second term in office, just a week before the Bank completes its 60th year. I strongly believe in the social mandate of this institution, which is what makes it especially relevant at these challenging times for Europe. The proactive response of the CEB to the continuing migrant and refugee crisis is an excellent example of how the Bank’s activities give real meaning to its mandate.”

And he added: “The reforms that I initiated have made the CEB stronger and more effective. I look forward to continuing my work in the same direction in order to ensure that the Bank fulfils its mission and heads into the future well-equipped to deal with any challenge.”