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Bio of Mario Draghi, nominated as next head of ECB

Bio of Mario Draghi, nominated as next head of ECB

BORN _ Sept. 3, 1947, Rome, Italy. Age 63.
PROFESSIONAL EXPERIENCE _ Appointed head of Bank of Italy, the country's central bank, on Dec. 29, 2005. Serves on the 23-member governing council of the European Central Bank, which sets interest rates for the 17 countries that use the euro.
Also heads the Financial Stability Board, formerly the Financial Stability Forum, from 2006 to present. The FSB is an international organization that seeks to identify and address risks for the global financial system.
Vice chairman and managing director, Goldman Sachs International, London, 2002-2005, member of executive committee, 2004-2005.
Director general, Italian Treasury, 1991-2001. Headed government privatization committee.
Served as an executive director at the World Bank, 1984-90.
EDUCATION _ Ph.D. in economics, Massachusetts Institute of Technology, 1977. Degree in economics, Universita degli Studi, Rome, 1970.
QUOTE _ "Monetary stability is no longer centered on the quantity of precious metal available in the system, but is entrusted to the credibility and wisdom of central banks. These however can accomplish nothing if the value of stability is not established in the collective consciousness."
FAMILY _ Married, two adult children.


Updated : 2021-07-29 16:01 GMT+08:00