Joachim Nagel (born 31 May 1966) is a German economist and current President of the Bundesbank.[1] Before he was a senior manager of the Bank for International Settlements since 2020, having been a member of the board of the Deutsche Bundesbank from 2010 to 2016 and then a member of the board of the KfW Bankengruppe from 2017 to 2020 . He was appointed President of the Deutsche Bundesbank on 1 January 2022, succeeding Jens Weidmann who resigned.[2]
After graduating from the Otto-Hahn-Gymnasium Karlsruhe, Nagel studied economics at the Karlsruhe Institute of Technology. After graduating in 1991, he worked there as a research assistant and later a consultant for economic and financial policy at the Social Democratic Party (SPD) in Bonn from March to October 1994.
Banking career
In 1999 Nagel moved to the Bundesbank, initially as Head of the Office of the President of the then State Central Bank in Bremen, Lower Saxony and Saxony-Anhalt in Hanover. In 2003 he moved to the headquarters of the Bundesbank in Frankfurt am Main. In 2008 he became head of the central department Markets. In December 2010, he replaced Thilo Sarrazin, who had resigned, on the board of directors of the Deutsche Bundesbank. On April 30, 2016, he resigned from the Executive Board of the Deutsche Bundesbank.
On November 1, 2016, he joined the KFW Bankengruppe, the largest public development bank in Germany, as a general manager[3] and then from 2017 to 2020 as Executive Board member. At the same time he was chairman of the supervisory board of KfW IPEX-Bank and first deputy chairman of the supervisory board of DEG German investment and development company.[4]
From 2018 to 2020 he was also a member of the Supervisory Board of Deutsche Börse AG.[5]
On December 20, 2021, the German President Frank-Walter Steinmeier announced Nagel's appointment as successor to Jens Weidmann as president of the Deutsche Bundesbank.[6][7] He assumed the position on 1 January 2022.
Personal life
Joachim Nagel is married and has two children. He is a member of the SPD.[8]
References
^Eddy, Melissa (2021-12-20). "Germany names a career central banker, Joachim Nagel, to head the Bundesbank". The New York Times. ISSN 0362-4331. Retrieved 2022-06-03.
^"New Bundesbank boss could bring more change than meets the eye". POLITICO. 2021-12-20. Retrieved 2022-06-03.
^"Dr. Joachim Nagel startet als Generalbevollmächtigter der KfW | KfW". www.kfw.de (in German). Retrieved 2022-06-03.
^"KfW Board Member Joachim Nagel strives to continue the fight for climate protection and sustainability determinedly". D+C. Retrieved 2022-06-03.
^"Federal President Steinmeier appoints Joachim Nagel President of the Deutsche Bundesbank". www.bundesbank.de. Retrieved 2022-06-03.
^"Dr Joachim Nagel". www.bundesbank.de. Retrieved 2022-06-03.
^The great mystery of Weidmann's successor. In: Frankfurter Allgemeine. Retrieved November 15, 2021 .
January 29, 2023
joachim, nagel, this, article, uses, bare, urls, which, uninformative, vulnerable, link, please, consider, converting, them, full, citations, ensure, article, remains, verifiable, maintains, consistent, citation, style, several, templates, tools, available, as. This article uses bare URLs which are uninformative and vulnerable to link rot Please consider converting them to full citations to ensure the article remains verifiable and maintains a consistent citation style Several templates and tools are available to assist in formatting such as Reflinks documentation reFill documentation and Citation bot documentation August 2022 Learn how and when to remove this template message Joachim Nagel born 31 May 1966 is a German economist and current President of the Bundesbank 1 Before he was a senior manager of the Bank for International Settlements since 2020 having been a member of the board of the Deutsche Bundesbank from 2010 to 2016 and then a member of the board of the KfW Bankengruppe from 2017 to 2020 He was appointed President of the Deutsche Bundesbank on 1 January 2022 succeeding Jens Weidmann who resigned 2 Joachim NagelPresident of the BundesbankIncumbentAssumed office 1 January 2022Appointed byFrank Walter SteinmeierPreceded byJens WeidmannPersonal detailsBorn 1966 05 31 31 May 1966 age 56 Karlsruhe Baden Wurttemberg West GermanyPolitical partySocial Democratic Party of GermanyChildren2Alma materKarlsruhe Institute of Technology Contents 1 Early life 2 Banking career 3 Bundesbank presidency 4 Personal life 5 ReferencesEarly life EditAfter graduating from the Otto Hahn Gymnasium Karlsruhe Nagel studied economics at the Karlsruhe Institute of Technology After graduating in 1991 he worked there as a research assistant and later a consultant for economic and financial policy at the Social Democratic Party SPD in Bonn from March to October 1994 Banking career EditIn 1999 Nagel moved to the Bundesbank initially as Head of the Office of the President of the then State Central Bank in Bremen Lower Saxony and Saxony Anhalt in Hanover In 2003 he moved to the headquarters of the Bundesbank in Frankfurt am Main In 2008 he became head of the central department Markets In December 2010 he replaced Thilo Sarrazin who had resigned on the board of directors of the Deutsche Bundesbank On April 30 2016 he resigned from the Executive Board of the Deutsche Bundesbank On November 1 2016 he joined the KFW Bankengruppe the largest public development bank in Germany as a general manager 3 and then from 2017 to 2020 as Executive Board member At the same time he was chairman of the supervisory board of KfW IPEX Bank and first deputy chairman of the supervisory board of DEG German investment and development company 4 From 2018 to 2020 he was also a member of the Supervisory Board of Deutsche Borse AG 5 On November 1 2020 Nagel became a member of the management of the Bank for International Settlements as Deputy Head of Banking Bundesbank presidency EditOn December 20 2021 the German President Frank Walter Steinmeier announced Nagel s appointment as successor to Jens Weidmann as president of the Deutsche Bundesbank 6 7 He assumed the position on 1 January 2022 Personal life EditJoachim Nagel is married and has two children He is a member of the SPD 8 References Edit Eddy Melissa 2021 12 20 Germany names a career central banker Joachim Nagel to head the Bundesbank The New York Times ISSN 0362 4331 Retrieved 2022 06 03 New Bundesbank boss could bring more change than meets the eye POLITICO 2021 12 20 Retrieved 2022 06 03 Dr Joachim Nagel startet als Generalbevollmachtigter der KfW KfW www kfw de in German Retrieved 2022 06 03 KfW Board Member Joachim Nagel strives to continue the fight for climate protection and sustainability determinedly D C Retrieved 2022 06 03 https financefeeds com joachim nagel step deutsche borses supervisory board Federal President Steinmeier appoints Joachim Nagel President of the Deutsche Bundesbank www bundesbank de Retrieved 2022 06 03 Dr Joachim Nagel www bundesbank de Retrieved 2022 06 03 The great mystery of Weidmann s successor In Frankfurter Allgemeine Retrieved November 15 2021 Retrieved from https en wikipedia org w index php title Joachim Nagel amp oldid 1131948183, wikipedia, wiki, book, books, library,
