12 February 1945
Born in Gera (married, two children)
1965
Abitur (school-leaving certificate) at Recklinghausen grammar school/Westphalia
1965 - 1967
Military service
1967 - 1971
Degree in economics at the University of Bonn
1971 - 1973
Assistant at the Institute for Industrial and Transport Policy, awarded a doctorate in economics
1973 - 1974
Post-doctoral position at the Friedrich Ebert Foundation
1975 - 1978
Federal Ministry of Finance: Specialist in the division dealing with financial issues relating to trade and industry and housing construction
1977
Secondment to the International Monetary Fund in Washington
1978 - 1981
Federal Ministry of Labour and Social Affairs: Head of the division dealing with communications and links to left-wing extremist groups
1981 - 1991
Federal Ministry of Finance
1981
Head of the division dealing with financial issues in social policy
1981 - 1982
Head of the minister’s office
1982 - 1989
Head of the division dealing with financial issues in transportation
1989 - 1990
Head of the division for national currency issues, Head of the “Intra-German Relations” working group, leading role in the German currency union
1990 - 1991
Head of the Treuhand Agency, Legal and Specialist Supervision department
1991 - 1997
State secretary for the Ministry of Finance of the Federal state of Rhineland-Palatinate
1997 - 2000
Chairman of the Board of Management of TLG Treuhandliegenschaftsgesellschaft mbH, Berlin
2000
Head of Group Internal Audit at Deutsche Bahn AG
2000 - 2001
Board Member, DB Netz AG
2002 - 2009
Senator for Finance for the Federal state of Berlin
Since 1 May 2009
Member of the Executive Board of the Deutsche Bundesbank
- 05/2009 - 10/2009
responsible for the Cash Management Department, the Information Technology Department and the Risk Controlling Department
- 10/2009 - 05/2010
responsible for the Information Technology Department and the Risk Controlling Department
- Since 1 May 2010
responsible for the Information Technology Department, Risk Controlling Department and the Audit Department