Karl Otto Pöhl
Encyclopedia
Karl Otto Pöhl is a German
economist and a President of the Bundesbank and Chairman of its Central Bank Council from 1980 to 1991.
Born in Hanover
, Lower Saxony
, Pöhl worked as a sports reporter to help pay his way through the Georg August University of Göttingen. A graduate economist, he became a researcher and department head of the publications department at the Ifo Institute for Economic Research in Munich
. In the 1960s he worked as an economic journalist in Bonn
until the Social Democratic Party of Germany
won the 1969 national election. He then was employed by the Federal government's Economics Ministry and then the Finance Ministry.
During the 1970s and 1980s, Pöhl was the driving force behind German efforts to get Europe's rampant inflation under control and to lay the framework for broad monetary cooperation among industrialized countries. He is referred to as one of the fathers of the Euro
.
Karl Otto Pöhl is currently a partner in Sal. Oppenheim Jr. & Cie.
, a German private investment bank and is a member of the Advisory Board of the Carlyle Group
. He has also been a member of the influential Washington-based financial advisory body, the Group of Thirty
since 1992. He also sits in the advisory boards of Shell Royal Dutch, Gulfstream, GAMCO, VW, Barrick Gold, Unilever and Rolls Royce.
Karl Otto Pöhl is married, has 4 children and lives in Zurich.
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
economist and a President of the Bundesbank and Chairman of its Central Bank Council from 1980 to 1991.
Born in Hanover
Hanover
Hanover or Hannover, on the river Leine, is the capital of the federal state of Lower Saxony , Germany and was once by personal union the family seat of the Hanoverian Kings of Great Britain, under their title as the dukes of Brunswick-Lüneburg...
, Lower Saxony
Lower Saxony
Lower Saxony is a German state situated in north-western Germany and is second in area and fourth in population among the sixteen states of Germany...
, Pöhl worked as a sports reporter to help pay his way through the Georg August University of Göttingen. A graduate economist, he became a researcher and department head of the publications department at the Ifo Institute for Economic Research in Munich
Munich
Munich The city's motto is "" . Before 2006, it was "Weltstadt mit Herz" . Its native name, , is derived from the Old High German Munichen, meaning "by the monks' place". The city's name derives from the monks of the Benedictine order who founded the city; hence the monk depicted on the city's coat...
. In the 1960s he worked as an economic journalist in Bonn
Bonn
Bonn is the 19th largest city in Germany. Located in the Cologne/Bonn Region, about 25 kilometres south of Cologne on the river Rhine in the State of North Rhine-Westphalia, it was the capital of West Germany from 1949 to 1990 and the official seat of government of united Germany from 1990 to 1999....
until the Social Democratic Party of Germany
Social Democratic Party of Germany
The Social Democratic Party of Germany is a social-democratic political party in Germany...
won the 1969 national election. He then was employed by the Federal government's Economics Ministry and then the Finance Ministry.
During the 1970s and 1980s, Pöhl was the driving force behind German efforts to get Europe's rampant inflation under control and to lay the framework for broad monetary cooperation among industrialized countries. He is referred to as one of the fathers of the Euro
Euro
The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...
.
Karl Otto Pöhl is currently a partner in Sal. Oppenheim Jr. & Cie.
Sal. Oppenheim
Sal. Oppenheim jr. & Cie. AG & Co. KGaA is a European Private Bank, currently headquartered in Cologne, Germany. It manages and administers €138 billion of assets and employs around 3,800 employees in more than 30 sites in Germany and Europe...
, a German private investment bank and is a member of the Advisory Board of the Carlyle Group
Carlyle Group
The Carlyle Group is an American-based global asset management firm, specializing in private equity, based in Washington, D.C. The Carlyle Group operates in four business areas: corporate private equity, real assets, market strategies and fund-of-funds, through its AlpInvest subsidiary...
. He has also been a member of the influential Washington-based financial advisory body, the Group of Thirty
Group of Thirty
The Group of Thirty, often abbreviated to G30, is an international body of leading financiers and academics which aims to deepen understanding of economic and financial issues and to examine consequences of decisions made in the public and private sectors related to these issues...
since 1992. He also sits in the advisory boards of Shell Royal Dutch, Gulfstream, GAMCO, VW, Barrick Gold, Unilever and Rolls Royce.
Karl Otto Pöhl is married, has 4 children and lives in Zurich.