The day-to-day management of De Nederlandsche Bank (DNB) rests with the Governing Board, consisting of a president and up to five executive directors. They are appointed for terms of seven years. We introduce them here.
Klaas Knot, President
Klaas Knot has been President of DNB since 1 July 2011 and has served as Chair of the Financial Stability Board since 2 December 2021. He is also a member of the Governing Council and the General Council of the European Central Bank, member of the European Systemic Risk Board, member of the International Monetary Fund's Board of Governors and a member of the Board of Directors of the Bank for International Settlements.
Klaas holds several secondary positions. Since 2005, he has been professor of economics of central banking at the University of Groningen, and since 2015 he has also been honorary professor of monetary stability at the Economics and Business Department of the University of Amsterdam. Klaas has published a variety of articles in leading Dutch and international journals in the fields of monetary and financial economics. He is also a member of the Group of Thirty, a global body comprised of economic and financial leaders from the public and private sectors and academia.
Before assuming DNB’s presidency, Klaas 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 various positions including senior economist in the Monetary and Economic Policy Department and Director of the Supervisory Policy Division. At different intervals during this period, he was employed by the International Monetary Fund (1998-1999) and the former Pensions and Insurance Supervisory Authority of the Netherlands (2003-2004).
In 1991, he graduated with honours in economics from the University of Groningen. In 1995, he obtained his PhD in economics.
Date of birth: 14 April 1967, Onderdendam.
Else Bos, Executive Director and Chair for Prudential Supervision
Else Bos joined the Governing Board on 1 July 2018 as Executive Director and Chair for Prudential Supervision. Her responsibilities include insurance firms and pension funds supervision, and supervision policy.
Else holds several secondary positions. On 15 February 2020, she was appointed a member of the Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA). She joined its Management Board in March 2020. Since 2019 she has been a member of the Executive Committee of the International Association of Insurance Supervisors (IAIS) and a member of the Sustainable Accounting Standards Board (SASB) Foundation. Since 2018, Else has also been a Strategic Advisor to the Board of Directors of Focusing Capital on the Long Term (FCLT Global). In addition, she has been Trustee of the IFRS Foundation since 2017 and since 2012 she has been a member of the Supervisory Board of the Dutch National Opera and Ballet.
Prior to joining DNB's Governing Board, Else was the CEO of pension provider PGGM (2013-2017). She also held various other board positions at PGGM, such as Chief Institutional Business (2010-2013), Chief Executive Officer Investments (2005-2009) and COO Investments (2002-2005). Prior to this, she worked for NIB Capital Asset Management and ABN AMRO.
Else Bos studied econometrics at Erasmus University Rotterdam.
Date of birth: 24 November 1959, Rotterdam.
Steven Maijoor, Executive Director of Supervision
Steven Maijoor has been Executive Director of Supervision since 1 April 2021. Steven's remit includes supervision of banks, horizontal functions and integrity supervision, and legal services. He is a member of the Supervisory Board of the European Central Bank (ECB).
Before Steven joined DNB's Governing Board, he was Chair of the European Securities and Markets Authority (ESMA), from 2011-2021. Between 2004 and 2011 he was a director at the Authority for the Financial Markets (AFM). Before that, he was a Professor of business economics (1994-2004) and Dean (2001-2004) at the School of Business and Economics at Maastricht University (1994-2004).
Steven graduated in business economics at the University of Groningen. He obtained his PhD in the same field at Maastricht University in 1991.
Date of birth: 3 February 1964 in Hong Kong.
Olaf Sleijpen, Executive Director of Monetary Affairs and Financial Stability
As of 1 February 2020, Olaf Sleijpen was appointed Executive Director of Monetary Affairs at DNB. He is responsible for economic policy and research, financial stability, financial markets, payments and statistics. He is also an alternate member of the Governing Council of the European Central Bank (ECB).
Olaf holds several secondary positions. Since 2007, he has been Professor of European Economic Policy at the Maastricht School of Business and Economics. Also, he has chaired the Supervisory Board of the Blue Fund, a network that aims to support LGBTQ emancipation, since 2014. Since 2018, he has been a member of the Board of Trustees of the Peter Elverding Chair on Sustainable Business Regulation and Corporate Culture at Maastricht University.
Before joining the Governing Board, Olaf was Director of various supervision divisions. Between 2004 and 2011 he held various management positions at pension fund ABP and pension provider APG. Olaf worked previously for DNB between 1993 and 2004, as an economist and as the manager of our Communications Department. From 2001 to 2004, he was an adviser to ECB President Wim Duisenberg.
In 1992, Olaf graduated with honours in economics at Maastricht University. He obtained his PhD in economics at the University of Groningen in 1999.
Date of birth: 10 August 1970, Wijlre.
Nicole Stolk, Executive Director of Resolution
Nicole Stolk has been Executive Director of Resolution since 1 July 2018. She is responsible for the deposit guarantee scheme and the resolution of failing banks and insurance firms. As head of the National Resolution Authority (NRA) she is a member of the Single Resolution Board (SRB) and a member of the Resolution Committee of the European Banking Authority (EBA). In addition, Nicole is responsible for DNB's internal operations, including HR, IT, finance, auditing, second-line risk management and communication (560 FTEs).
Nicole holds several secondary positions. Since 2018, she has been a member of the Supervisory Board of De Weerwolf Huizen Foundation and a Board member of the VUmc Cancer Center Amsterdam Foundation. Since 2019 she has been a member of the Scholenstrijd Recommending Committee.
Prior to joining the Governing Board, Nicole was Secretary-Director at DNB (2016-2018). Before that time, she was the Deputy Secretary General at the Ministry of Security and Justice (2012-2016). Between 2003 and 2012, Nicole worked at the Ministry of the Interior and Kingdom Relations as Director of Operational Management and Director for HR, Strategy, ICT and Governance, and as Director-General for Corporate Staff and Operational Management. At Deloitte & Touche she worked as a consultant on strategy and organisational issues (2000-2003). Nicole started her career as a spokesperson at the Ministry of Health and Culture (now Health, Welfare and Sports), and held various policy positions (1991-2000). Nicole Stolk studied history and law at Leiden University.
Date of birth: 16 August 1969, Oosterhout.
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