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Ernst Welteke

Ernst WeltekeFormer President, Deutsche Bundesbank

  • Europe

Ernst Welteke, a banking and financial specialist, is an Independent Director of Center-Invest Bank in southern Russia and Unibank in Azerbaijan. Between 1994 to 2004, he was the President of the Deutsche Bundesbank.

For many years, he has been involved in the interplay between central banks, governments and financial markets, including participation in the activities of the Bank for International Settlements (BIS) and the International Monetary Fund (IMF). He also sat on the council of the European Central Bank during the first five years of European economic and monetary union.

Between 1995 and 1999, Welteke was Frankfurt-based Chairman of The State Central Bank of Hesse and a member of the Bundesbank’s Policy-Making Central Council. He then became a member of the Hesse State Parliament in central Germany and was later Economic and Finance Minister of Hesse.

Welteke completed his studies in Economics at Frankfurt and Marburg Universities.