Member of the ECB's Executive Board

Portrait of Yves Mersch, Member of the Executive Board of the European Central Bank

Yves Mersch

Date of birth: 1 October 1949

Place of birth: Luxembourg

Education

1975
Postgraduate degree in Political Science, University Paris 1 Panthéon-Sorbonne
1974
Postgraduate degree in International Public Law, Master of Political Science, University Paris 1 Panthéon-Sorbonne
1973
Master’s degree in Law, University Paris 1 Panthéon-Sorbonne

Professional career

Since December 2012
Member of the Executive Board, European Central Bank
1998-2012
Governor of the Banque centrale du Luxembourg (BCL)
1989-98
Director of the Treasury
Personal Representative of the Minister of Finance during the negotiation of the Maastricht Treaty
1985-89
Government Commissioner for the Luxembourg Stock Exchange (Securities Market Authority)
1983-98
Member of the Council of the Luxembourg Monetary Institute (banking supervisory authority)
1981
Adviser, international financial and monetary relations, Ministry of Finance
1980-81
Financial Counsellor, Permanent Representation of Luxembourg to the United Nations, New York
1978-79
Attaché, Ministry of Finance
1976-78
Secondment to the International Monetary Fund (IMF), Washington, D.C.
1975
Assistant, Ministry of Finance
1974
Admitted to the Luxembourg Bar

Other positions and mandates

  • Elected Co-Chair of the Financial Stability Board’s Regional Consultative Group for Europe (2011-12)
  • President of the Fondation de la Banque centrale du Luxembourg (BCL’s Foundation) which promotes research and higher education in the BCL’s fields of activity (2011-12)
  • Deputy Chair of the Governing Board of the International Islamic Liquidity Management Corporation (IILM) (2010-12)
  • Member of the Board of the Luxembourg School of Finance Foundation (FLSF) (2006-12)
  • President of the non-profit association, The Bridge Forum Dialogue a.s.b.l, founded in 2000 with the participation of the European Union institutions and bodies established in Luxembourg (2000-12)
  • Alternate Governor for Luxembourg on the Board of Governors of the International Monetary Fund (IMF) (1998-2012)
  • Member of the Systemic Risk Centre Scientific Advisory Board, London School of Economics.
  • Member of the Central Bank Governance Group, established at the Bank for International Settlements.

Major previous positions and mandates

  • Monetary Committee of the European Communities: alternate member from 1982 to 1985; full member from 1989 to 1998
  • World Bank: Alternate Governor
  • European Bank for Reconstruction and Development (EBRD): Alternate Governor
  • European Investment Bank (EIB): Member of the Board of Directors
  • President of the Office du Ducroire (Luxembourg Export Credit Agency)
  • Vice-President of Société nationale de crédit et d’investissement (Luxembourg National Development Bank)
  • Administrator representing the State on the boards of the following bodies:
    • ARBED S.A. (steel company)
    • Société européenne de satellites (SES) (European Satellite Company)
    • Entreprise des Postes et Télécommunications (Post and Telecommunications Company)
    • Société Nationale des Habitations à Bon Marché (National Housing Company)
    • Banque et Caisse d’Epargne de l’Etat (State Savings Bank)

Honours

  • In 2014 Yves Mersch was appointed honorary Professor at the University of Luxembourg.
  • In 2013 Yves Mersch was awarded an honorary Doctor of Laws degree from Miami University.
  • Yves Mersch is Officer of the National Order of the Legion of Honour (Ordre National de la Légion d’honneur, France) and Grand Officer of the Cross of Recognition (Latvia).