Axel A. Weber

Axel Alfred Weber (born 8 March 1957) is a German economist, professor, and banker. He is currently a board member and chairman of Swiss investment bank and financial services company, UBS Group AG, and has announced his resignation effective 7 April 2022.

He was the president of the Deutsche Bundesbank and a member of the European Central Bank Governing Council from 30 April 2004 to 30 April 2011. He is also a member of the Group of Thirty. He studied economics and public administration at the University of Constance from 1976 to 1982 and graduated with a master's degree (Diplom) in economics.

After obtaining a Dr. rer. pol. in economics from the University of Siegen, He also holds honorary doctorates from the University of Duisburg-Essen After gaining his habilitation at the University Siegen in 1994, he was appointed Professor of Economic Theory at the University of Bonn, and moved to the Goethe University Frankfurt in 1998. He was also the Director of the Center for Financial Studies in Frankfurt am Main from 1998 to 2001 From 2002 until 2011 he was a member of the expert advisory panel to the Deutsche Bundesbank. The move was seen as throwing open the candidacy for president of the European Central Bank to others to succeed Jean-Claude Trichet starting 1 November 2011.

University of Chicago From 2011 to 2012 Weber was a visiting professor at the University of Chicago Booth School of Business. As visiting professor, he taught two three-hour sessions of the course "Central Banking: Theories and Facts" on Mondays, in fall 2011. He attended the Federal Reserve Bank of Kansas City's Economic Policy Symposium in Moran near Jackson Hole, Wyoming, in summer 2011.

UBS AG Weber was elected to the Board of Directors of the Swiss bank UBS AG at the 2012 AGM held on 3 May 2012 and of UBS Group AG in November 2014. He succeeded Kaspar Villiger as chairman of the Board of Directors. His appointment was announced in mid-2011, when Villiger had been expected to retire in 2013. China Securities Regulatory Commission (CSRC), Member of the International Advisory Council

Corporate boards Temasek Holdings, Member of the International Panel

Non-profit organizations Center for Economic and Policy Research (CEPR), Distinguished Fellow (since 2019) Institute of International Finance (IIF), Chairman of the Board (since 2016) German Institute for Economic Research (DIW), Chairman of the Board of Trustees (since 2015) Berggruen Institute, Member of the Council for the Future of Europe (since 2011) Swiss Finance Council, Member of the Board Trilateral Commission, Member of the European Group Swiss Bankers Association, Member of the Board International Monetary Conference, Member of the Board European Banking Group, Member Monetary Authority of Singapore, Member of the International Advisory Panel University of Zurich, Member of the Advisory Board of the Department of Economics Zukunft Finanzplatz, Member of the Advisory Board

Recognition In late 2015, Weber was awarded the title of "European Banker of the Year 2014" in Germany by the International Association of Economic Journalists called the Group of 20+1. In the same year, Weber was also awarded the first Prix Marjolin Prize by the SUERF Council of Management.

Personal life Weber is married to Diane Chatterton and has two children.

Selected works