Axel A. Weber was elected to the UBS Board of Directors at the 2012 Annual General Meeting and was thereafter appointed Chairman of the BoD. He chairs the Governance and Nominating Committee and has been a member of the Corporate Responsibility Committee since 2012.
Axel A. Weber was the President of the Deutsche Bundesbank and a member of the governing council of the European Central Bank between April 2004 and April 2011. In recent years he has also acted as a member of the steering committee of the European Systemic Risk Board and as a member of the steering committee of the Financial Stability Board. In addition, he has served as the German Governor of the International Monetary Fund, as a member of the board of directors of the Bank for International Settlements, and as a member of the G7 and the G20 Ministers and Governors.
Before moving from academia to politics, Axel Weber was a Professor for International Economics at the University of Cologne, a member of the German Council of Economic Experts and a member of the Research Advisory Board of the Deutsche Bundesbank. From 1998-2002 he was Director of the Center for Financial Studies in Frankfurt/Main and a Professor for Monetary Economics at the Frankfurt's Johann Wolfgang Goethe-University. His previous appointments include the position of Professor for Economic Theory at the University of Bonn (1994-1998).
He holds a Diploma in Economics from the University of Konstanz, and a Doctorate in Economics from the University of Siegen, where he also obtained his Habilitation in 1994.