The day-to-day management of De Nederlandsche Bank (DNB) rests with the Governing Board, consisting of a President and a maximum of five Executive Directors. Governing Board members are appointed by the Crown, for seven-year tenures.
Klaas Knot has been President of DNB since 1 July 2011. By virtue of his position, he holds seats on the Governing Council and General Council of the European Central Bank, as well as on the Financial Stability Board, besides being a Governor of the International Monetary Fund.
Mr Knot holds several secondary positions. He is a member of the Board of Directors of the Bank for International Settlements and Chairman of the Koning Willem I Foundation, the Mr. N.G. Pierson Foundation, the Supervisory Board of Teylers Museum and the Supervisory Board of Stichting CliniClowns. Since 2005, he has been Professor of Economics of Central Banking at the University of Groningen and, with effect from 2015, he is Professor of Monetary Stability at the Faculty of Economics and Business of the University of Amsterdam. Mr Knot has published a variety of articles in prominent domestic and international journals in the fields of monetary and financial economics.
Before joining the Governing Board, Mr Knot was Deputy Treasurer-General and Director of Financial Markets at the Dutch Ministry of Finance (2009–2011). Earlier, from 1995, he worked for DNB for almost twelve years, in positions including Economic Policy Officer and Director of the Supervisory Policy Division. At different intervals during this period, Mr Knot was employed by the International Monetary Fund (1998-1999) and the former Pensions and Insurance Supervisory Authority of the Netherlands (2003-2004).
In 1991, Klaas Knot graduated with honours in General Economics at the University of Groningen. In 1995, he obtained a doctorate in Economics. Klaas Knot was born in Onderdendam on 14 April 1967.
Jan Sijbrand joined the Governing Board on 1 July 2011 as Executive Director and Chairman for Prudential Supervision. He is responsible for supervision of banks and insurance companies and for supervisory policy, and he is a member of the Supervisory Board of the European Central Bank.
Before joining the Governing Board, Jan Sijbrand was Chief Risk Officer at NIBC Bank (2008-2011). From 1996 to 2007, he worked for ABN AMRO, successively as Head of Market Risk, Head of Risk Management, Global Head of Derivatives Trading, Structuring and Marketing, and Head of Global Markets Europe. At ABN AMRO he also held the joint chairmanship of the Group Risk Committee.
Between 1992 and 1996, Mr Sijbrand gained sales and trading experience in the positions of Head of Derivatives Trading and Sales, and Head of Fixed Income Trading, Marketing and Sales at Rabobank. Before this, he worked for Shell in several positions in research, oil refining and trading (1981–1992).
Jan Sijbrand represents the Netherlands and DNB on the Board of Supervisors of the European Banking Authority (EBA), as well as on EBA's Management Board. He also sits on the Board of Directors for the Treasury Management postgraduate programme at VU University Amsterdam.
In 1981, Mr Sijbrand obtained a doctorate in Mathematics at the University of Utrecht, where he had earlier earned a Research Master’s degree in Applied Mathematics (1975). Jan Sijbrand was born in Zaandam on 11 July 1954.
Frank Elderson has been an Executive Director at DNB since 1 July 2011. He is responsible for supervision of pension funds, supervision of horizontal functions and integrity, and legal services. In addition, he is Director of the National Resolution Authority.
Before joining the Governing Board, Mr Elderson served as Director of the Legal Services Division in 2007 and Head of Supervision on ABN AMRO in 2006, and he was appointed General Counsel in 2008.
After joining DNB in 1999, Frank Elderson held various management positions in the Legal Services Division, as well as representing DNB on various working groups of the European System of Central Banks (ESCB).
Mr Elderson started his professional career in 1995 as a lawyer with Houthoff Advocaten & Notarissen. He completed the first year of the Dutch Law university programme with honours in 1990 and studied at the University of Zaragoza, Spain, in 1993 and 1994. Frank Elderson obtained a degree in Dutch Law at the University of Amsterdam in 1994. He obtained an LL.M. degree from the Columbia Law School, in the US, in 1995. Mr Elderson was admitted to the Bar in the Netherlands in 1995. He was born in Utrecht on 18 May 1970.
Job Swank became Executive Director of Monetary Affairs and Financial Stability at DNB on 1 December 2011. He is responsible for economic policy and research, financial stability, financial markets, payments and statistics.
Mr Swank holds several secondary positions. He has been Professor of Economic Policy at the Erasmus University Rotterdam since 2002, and is a Crown-appointed member of the Social and Economic Council of the Netherlands. Job Swank has published a range of articles in domestic and international economic journals.
Before joining the Governing Board, he was Director of the Economic Policy and Research Division (2006-2011). He previously held various management positions, including at the Department of Economic and Monetary Policy, which he joined as an economist in 1987. Mr Swank started his career as a lecturer in macroeconomic policy at the Erasmus University Rotterdam. For a brief stint he also worked at the Ministry of Housing, Spatial Planning and the Environment.
Job Swank studied Economics at the Erasmus University Rotterdam and obtained a doctorate in Economics at the VU University Amsterdam in 1994.
Job Swank was born in Breukelen on 13 November 1955.