Axel Alfred Weber, Prof., Dr.
(born 8 March 1957 in Kusel) is a German economist, professor and banker. He teaches at the University of Chicago Booth School of Business and is a board member and chairman of the board of UBS. He was president of the Deutsche Bundesbank and a member of the European Central Bank Governing Council from 30 April 2004 to 30 April 2011. He is a member in the Group of Thirty.
Since 1987, Weber holds a PhD in economics from the University of Siegen,
From 1982 to 1988 Weber worked as research assistant in the field of monetary economics at the University of Siegen and was awarded a Doctorate in 1987. After gaining his Habilitation at the University Siegen, in 1994 he was appointed Professor of Economic Theory at the University of Bonn and in 1998 he moved to the Goethe University Frankfurt (where he remains a member of the Advisory Board). He was also the Director of the Center for Financial Studies in Frankfurt am Main. From October 2002 he was a member of the expert advisory panel to the Deutsche Bundesbank. The move was seen as throwing open the candidacy for president of the European Central Bank to others to succeed Jean-Claude Trichet starting 1 November 2011.
University of Chicago
As visiting professor, Weber taught two three-hour sessions of the course "Central Banking: Theories and Facts" on Mondays, fall 2011. He attended the Federal Reserve Bank of Kansas City's Economic Policy Symposium in Moran near Jackson Hole, Wyoming, summer 2011.
Weber was elected to the Board of Directors of the Swiss bank UBS AG at the 2012 AGM held on 3 May 2012. He succeeded Kaspar Villiger as chairman.
Mr Weber's appointment was announced in mid-2011, when Villiger had been expected to retire in 2013.
Axel A. Weber has chaired the Governance and Nominating Committee since 2012 and became Chairperson of the Corporate Responsibility Committee in 2013.
Weber also serves as a member of the Board of Trustees of Avenir Suisse, of the Board of Directors of the Financial Services Professional Board, Kuala Lumpur and of the IMD Foundation Board in Lausanne. He is a member of the Advisory Board of the Department of Economics at the University of Zurich as well as at the German Market Economy Foundation. He is also an active member of SUERF, the European Money and Finance Forum and of the monetary Economics and International Economics Councils of the Verein für Socialpolitik in Frankfurt.
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