Mario Draghi

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Mario Draghi
Mario Draghi.jpg
Occupation President
Employer European Central Bank

Mario Draghi, an Italian economist, is the president of the European Central Bank (ECB). He succeeded Jean-Claude Trichet in that role on November 1, 2011.[1][2] He is also chair of the European Systemic Risk Board and chair of the Group of Governors and Heads of Supervision (GHOS) at the Bank for International Settlements.

Draghi was endorsed for the ECB position by European leaders on June 24, 2011 after a dispute was resolved between France and Italy over representation on the bank’s executive board. [3] He was already an influential member of the ECB’s broader governing council, and was well known in international policy making circles as chairman of the Financial Stability Board, a European Union panel formulating new banking rules designed to prevent future financial crises.

Background

Draghi was appointed head of Bank of Italy, the country's central bank, on Dec. 29, 2005.

He was vice chairman and managing director of Goldman Sachs International, London from 2002-2005 and a member of the Goldman Sachs executive committee from 2004 to 2005.

He was director general of the Italian Treasury from 1991 to 2001. He headed the privatization committee there.

Draghi served as an executive director at the World Bank from 1984 to 1990.[4]

Education

He has a Ph.D. in Economics from the Massachusetts Institute of Technology (MIT) and a degree in Economics from Sapienza University of Rome.[5]

References

  1. Draghi confirmed as next ECB chief. FT.com.
  2. Mario Draghi may bring new tone as ECB head. Reuters.
  3. Europe’s Leaders Endorse Draghi as E.C.B. Chief. The New York Times.
  4. Bio of Mario Draghi, next head of the ECB. Forbes.
  5. President of the European Central Bank. European Central Bank.