Wim Duisenberg

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His Excellency Wim Duisenberg
Wim Duisenberg in 2001
President of the European Central Bank
In office 1 June 1998 – 31 October 2003
Vice President	Christian Noyer Lucas Papademos
Preceded by	Position established
Succeeded by	Jean-Claude Trichet
President of the European Monetary Institute
In office 1 July 1997 – 1 June 1998
Preceded by	Alexandre Lamfalussy
Succeeded by	Position abolished
President and Chairman of the Bank for International Settlements
In office 1 January 1994 – 1 July 1997
General-Manager	Andrew Crockett
Preceded by	Bengt Dennis
Succeeded by	Alfons Verplaetse
In office 1 January 1988 – 31 December 1990
General-Manager	Alexandre Lamfalussy
Preceded by	Jean Godeaux
Succeeded by	Bengt Dennis
President of De Nederlandsche Bank
In office 1 January 1982 – 1 July 1997
Preceded by	Jelle Zijlstra
Succeeded by	Nout Wellink
Member of the House of Representatives
In office 16 January 1978 – 28 June 1978
In office 8 June 1977 – 8 September 1977
Parliamentary group	Labour Party
Minister of Finance
In office 11 May 1973 – 19 December 1977
Prime Minister	Joop den Uyl
Preceded by	Roelof Nelissen
Succeeded by	Frans Andriessen
Personal details
Born	Willem Frederik Duisenberg (1935-07-09)9 July 1935 Heerenveen, Netherlands
Died	31 July 2005(2005-07-31) (aged 70) Faucon, France
Cause of death	Drowning
Political party	Labour Party (from 1959)
Spouses	Tine Stelling ​ ​ (m. 1960; div. 1980)​ Gretta Nieuwenhuizen ​ ​ (m. 1987)​
Children	Pieter Duisenberg (born 1967) one other son and daughter
Alma mater	University of Groningen (BEc, M.Econ, PhD)
Occupation	Politician · civil servant · Economist · Researcher · Businessperson · Banker · Corporate director · Lobbyist · Author · professor
Signature

Willem Frederik "Wim" Duisenberg (Dutch: [ˈʋɪləm ˈfreːdərɪk ʋɪm ˈdœysə(m)bɛr(ə)x] ^ⓘ; 9 July 1935 – 31 July 2005) was a Dutch politician and economist who served as President of the European Central Bank from 1 June 1998 until 31 October 2003. He was a member of the Labour Party (PvdA).^[1]

Duisenberg studied Economics at the University of Groningen obtaining a Master of Economics degree and worked as a researcher at his alma mater before finishing his thesis and graduated as a Doctor of Philosophy in Development economics. Duisenberg worked as a financial analyst for the International Monetary Fund (IMF) from January 1966 until March 1969 and as an economist for the Dutch central bank (DNB) from March 1969 until February 1970. Duisenberg worked as a professor of Macroeconomics at the University of Amsterdam from February 1970 until May 1973. After the election of 1972 Duisenberg was appointed as Minister of Finance in the Cabinet Den Uyl taking office on 11 May 1973. The Cabinet Den Uyl fell just before the end of its term. After the election of 1977 Duisenberg was elected as a Member of the House of Representatives serving from 8 June 1977 until 8 September 1977 and again from 16 January 1978 and served as a frontbencher and spokesperson for Finances. In June 1978 Duisenberg unexpectedly announced his retirement and resigned from the House of Representatives on 28 June 1978. Duisenberg semi-retired from active politics at just 42 and became active in the private sector as a corporate director, and worked as a banker for the Rabobank. In November 1981 Duisenberg was nominated as the next President of the Central Bank taking office on 1 January 1982. In June 1997 Duisenberg was nominated as the next President of the European Monetary Institute (EMI), taking office on 1 July 1997. In May 1998 the EMI was reformed to the European Central Bank (ECB) with Duisenberg appointed as the first President of the European Central Bank serving from 1 June 1998 until 31 October 2003.

Duisenberg retired from active politics a second time at 68 and became active again in the private and public sectors as a corporate and non-profit director and served on several state commissions and councils on behalf of the government. Following his retirement Duisenberg continued to be active as an advocate and lobbyist for balanced governmental budgets, financial regulation and more European integration. Duisenberg was known for his abilities as a skillful manager and effective negotiator and continued to comment on political affairs until his death after suffering a heart attack and drowning in a swimming pool in July 2005 at the age of 70. He holds the distinction as the youngest-serving Dutch Minister of Finance at the age of 37 years, 306 days.^[2][3]