Governing Board
The day-to-day management of the De Nederlandsche Bank rests with the Governing Board, consisting of a President and up to five Executive Directors. Governing Board members are appointed by the Crown, for consecutive seven-year tenures.
Klaas Knot
Prof. K.H.W. Knot has been President of De Nederlandsche Bank since 1 July 2011. In that capacity he is a member of the Governing Council and the General Council of the European Central Bank, as well as being Governor of the International Monetary Fund.
Knot holds several secondary positions. He is a member of the Board of Directors of the Bank for International Settlements, Chairman of the Koning Willem I Foundation and Chairman of the Mr. N.G. Pierson Foundation. Since 2005 he has been Professor of Economics of Central Banking at the University of Groningen. Knot has published a variety of articles in leading (international) journals in monetary and financial economics.
Before joining the DNB Board, Knot was Deputy Treasurer-General and Director of Financial Markets at the Dutch Ministry of Finance (2009–11). From 1995 to 2009 he held several positions at DNB, varying from (senior) Economist to Director of the Supervisory Policy division. At different intervals during this period, Knot was with the International Monetary Fund (1998-99) and the then Pensions and Insurance Supervisory Authority (2003-04).
In 1991, Klaas Knot graduated with honours in Economics at the University of Groningen. In 1995 he obtained a doctorate in Economics. Born: 14 April 1967 in Onderdendam.
Jan Sijbrand
Dr. Jan Sijbrand joined the Governing Board of De Nederlandsche Bank on 1 July 2011 as Executive Director responsible for banking supervision and supervisory policy.
Sijbrand also sits on the Board of Directors for the Treasury Management postgraduate programme at VU University, Amsterdam.
Before joining the Governing Board of DNB, Sijbrand was Chief Risk Officer at NIBC Bank (2008-2011). From 1996 to 2007, he worked for ABN AMRO as, successively, 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.
From 1992 until 1996, Sijbrand accumulated sales and trading experience in the positions of Head of Derivatives Trading and Sales and Head of Fixed Income Trading, Marketing and Sales. Before this, he worked for Shell in several positions in research, production and trading (1981–1992).
In 1981, Jan 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). Born: 11 July 1954 in Zaandam.
Joanne Kellermann
Ms A.J. Kellermann has been an Executive Director of De Nederlandsche Bank since November 2007. Her responsibilities include Pension Supervision, Insurance Supervision and Supervision expert centre. In 2005, Ms Kellermann took up employment with DNB as its General Counsel and director of the Legal Services division.
Her various additional functions include a seat on the Board of Governors of De Nederlandse Opera.
From 1992, Kellerman had been a partner in the NautaDutilh law firm. From 2001 until 2005, she headed the firm’s financial practice in London. Her international experience also encompasses a period as foreign associate in New York. She began her career as a trainee lawyer at Nauta van Haersholte in Amsterdam. Providing guidance on international financial transactions and advising on supervisory laws and regulations ranked among her main activities during her career as a lawyer.
Ms Kellermann completed her study of Dutch law at Leiden University in 1984 and was sworn in as a lawyer in Amsterdam that same year. In 1979, Joanne Kellerman completed her secondary education (classics stream) at the Sorghvliet Christelijk Gymnasium in The Hague. Born: 27 December 1960 in Eindhoven.
Frank Elderson
Frank Elderson joined the Governing Board of De Nederlandsche Bank on 1 July 2011. He is responsible for Corporate Support, Payments, Legal Services, Internal Audit and the Board secretariat.
Elderson also makes regular contributions to a Dutch journal on European law, Nederlands tijdschrift voor Europees recht.
Before joining the Governing Board, Mr Elderson worked for DNB as Director of the Legal Services division (2007) and Head of the ABN AMRO supervision department. Since 2008, he had also been DNB’s General Counsel.
After joining DNB in 1999, Elderson held various managing positions in the Legal Affairs division and represented DNB in several working groups of the European System of Central Banks (ESCB). Elderson started his career in 1995 as a lawyer for Houthoff Advocaten & Notarissen.
In 1990, Frank Elderson passed his preparatory studies in Dutch law, with honours, going on to study constitutional law, international private law and civil law at the University of Zaragoza, Spain. He obtained a doctorate in Dutch law in 1994 at the University of Amsterdam. In the year that followed, he did several courses in the LL.M. program of Columbia Law School of New York. He received his professional training as a lawyer in 1995–1998. Born: 18 May 1970 in Utrecht.
Job Swank
Prof. Job Swank became Executive Director of Monetary Affairs and Financial Stability at De Nederlandsche Bank on 1 December 2011. He is responsible for economic policy and research, financial markets, financial stability and statistics.
Swank holds several additional positions. He has been Professor of Economic Policy at the Erasmus University Rotterdam since 2002 and is a Crown Member of the social and economic council SER. Swank has also published a range of articles in national and international professional economic journals.
Before joining DNB’s Governing Board he was Division Director of Economic Policy and Research at DNB (2006-2011). He previously held various management positions at DNB, including at the Department of Economic and Monetary Policy, which he joined as an economist in 1987. Swank started his career as a lecturer in macro-economic policy at the Erasmus University Rotterdam. For a brief period 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.
Born: 13 November 1955 in Breukelen.
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