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Honorary Members 

SUERF is proud and honoured to welcome a number of Honorary Members, who are nominated by the Council of Management in recognition of their support for SUERF and its activities. On the occasion of the celebration of SUERF’s 40th and 50th anniversaries in Paris (2003 and 2013), Honorary Membership was conferred to Jean-Paul Abraham, Baron Alexandre Lamfalussy, Robert Raymond, Mario Monti and Niels Thygesen, all of whom are well known to the Membership. SUERF would like to thank its Honorary Members for their life-long support and their important contributions, in various ways, to European integration and to European monetary and financial arrangements. 

Robert Raymond, Alexandre Lamfalussy and Jean-Paul Abraham
 Niels Thygesen
 Mario Monti

Morten Baling Franco Bruni HM
Morten Balling 
Franco Bruni
 Marc-Olivier Strauss-Khan and David T. Llewellyn

03.05.2019Ewald Nowotny, Governor, Oesterreichische Nationalbank

Ewald Nowotny, Governor, Oesterreichische Nationalbank
Ewald Nowotny is the Governor of the Oesterreichische Nationalbank (OeNB) and a Member of the Governing Council of the European Central Bank (ECB). Before taking on his current position in September 2008, Ewald Nowotny held a number of high-level positions in financial institutions. He was CEO of the Austrian BAWAG P.S.K. banking group from 2006 to 2007, served as Vice-President and Member of the Management Committee of the European Investment Bank (EIB) in Luxembourg from 1999 to 2003, and, between 1971 and 1979, was first a Member and then President of the Governing Board of Österreichische Postsparkasse (P.S.K.). Moreover, from 1992 to 2008, Ewald Nowotny served on the supervisory boards of several banks and corporations and was a member of the OeNB’s General Council from 2007 to 2008.

Ewald Nowotny was born in Vienna, Austria, in 1944. He studied law and political science at the University of Vienna and economics at the Institute for Advanced Studies (IHS) in Vienna. In 1967, he received his doctorate in law from the University of Vienna. He served as a professor at the University of Linz and the Vienna University of Economics and Business, where he was also Vice-Rector for Financial Affairs. Ewald Nowotny was Vice President of the Austrian Economic Association and is a Member of the University Board of the Vienna University of Economics and Business.

29.03.2019David T. Llewellyn, Professor, Loughborough University

David T. Llewellyn, Professor, Loughborough University
David T. Llewellyn is Professor of Money and Banking at Loughborough University and an External Member of Kellogg College at the University of Oxford. He is a member of the Council of Management and former President of SUERF-The European Money and Finance Forum. Until recently, he was Chair of the European Banking Authority’s Banking Stakeholder Group and was formerly a Public Interest Director on the Board of the UK’s former retail investment regulatory agency – the Personal Investment Authority. He has also had career posts as economist at Unilever, HM Treasury, and International Monetary Fund and has served as a consultant to financial institutions, international agencies, and regulatory authorities in the UK and abroad. He served as part-time Consultant Economist at ICAP plc for several years. Other positions have included Visiting Professorships at universities in the UK and elsewhere in Europe. He has researched and published extensively in the area of banking strategy, competition in financial systems, and banking and financial regulation. In 2016 he was awarded an honorary doctorate for his contributions to banking regulation.

29.03.2019Marc-Olivier Strauss-Kahn, DG and Special Advisor to the Governor of the Banque de France

Marc-Olivier Strauss-Kahn
Marc-Olivier Strauss-Kahn

Marc-Olivier Strauss-Kahn is Director General and Special Advisor to the Governor of the Banque de France (BDF). He chairs the Scientific Council and Steering Committee of the future “City of Economics and Money”, a Paris Museum project financed by the BdF to contribute to the economic education of the public. He is also a member of the Board of Universcience-Partners. From 2001 to 2017, he was Director General, in charge of the Directorate General, Economics and International (DGEI), except from 2008 to 2011 (see below). He was also the Vice-Chair of the BdF Foundation for Research. From 2008 to 2011, he was the French Executive Director at the Inter-American Development Bank (IDB) where he represented several European countries; in addition, he was “Visiting Senior Fellow” at the Peterson Institute for International Economics (PIIE), all institutions located in Washington, USA. Before holding the latter positions, he had worked at the IMF, the OECD, the BIS, and the US Federal Reserve Board, as well as –during half of his career– at the BdF. He was the French Member or Alternate in various international or European bodies, such as the BIS Board, the OECD WP3, G7-G20-IMFC meetings or the Economic & Financial Committee and the International Relations Committee of the Eurosystem. He graduated in France (Public Economics at Paris X – Nanterre, Econometrics at Paris I – Sorbonne, Business at ESSEC, and Political Sciences at IEP Paris) as well as in the USA (Economics at the University of Chicago). He has taught economics, published articles and has been a member of various academic fora, including the SUERF Council (European Money and Finance Forum) and the Board of the International Journal of Central Banking (IJCB).

07.06.2018Franco Bruni, Professor, Bocconi University

Franco Bruni, Professor, Bocconi University

Franco Bruni is full Professor of International Monetary Economics at Bocconi University of Milan and Chairman of the Scientific Committee and Vice-Chairman of UniCredit & Universities Foundation.

Born April 12th, 1948. Degree in Economics from Università Bocconi. Master of Science in Economics from MIT, Cambridge, U.S.A.

From 1994 to 2000: Director of Bocconi"s Institute of Economics. Member of Bocconi"s Centre for Research on Monetary and Financial Economics "Paolo Baffi". Vice-President and scientific director of ISPI, Milan"s Institute for International Political Studies. Member of the European Shadow Financial Regulatory Committee. He has worked for parliamentary and governmental study groups on the Italian banking and financial system.

From 1991 to 2008, he was Member of the SUERF Council of Management and served as Vice-President (1994-1997) and President (1997-2000) of the association.

Member of the editorial board (former Editor) of the Giornale degli economisti e annali di economia, of the advisory board of the Journal of Financial Stability and of the scientific committee of the Rivista di Politica Economica . Up until 1990 he was a full professor of Economics and Finance at the Università di Brescia. Has been a member of the Founding Committee of the Università di Bolzano, visiting scholar and visiting professor at New York University, University of California at Berkeley, Chulalongkorn University of Bangkok, Università Getulio Vargas of Sao Paulo, University of New South Wales in Sydney, UBC in Vancouver, and Fudan University in Shanghai.


14.09.2017Morten Balling, Professor Emeritus of Finance, Aarhus University

Morten Balling

Morten Balling, Professor Emeritus of Finance, Department of Economics and Business, Aarhus School of Business and Social Sciences, Aarhus University

Biographical Statement: Morten Balling is Professor Emeritus at the Aarhus School of Business and Social Sciences, Aarhus University, Denmark. He has been a member of the SUERF Council of Management since 1994. From 1997 to 2015 he served as the Managing Editor and Chairman of the Editorial Board, and between 1997 and 2000 as the Association‘s Vice President. Morten Balling has held directorships of several Danish companies and foundations and has written widely on monetary, banking and financial topics. mb@econ.au.dk


22.11.2013Niels Thygesen, Professor Emeritus of International Economics, University of Copenhagen

Niels Thygesen is Professor Emeritus of International Economics at the University of Copenhagen. He obtained his undergraduate and graduate degrees there and an MPA from Harvard University. After working for the Danish government, Harvard"s Development Advisory Service (in Malaysia), and the OECD in Paris, he held a Chair at the University of Copenhagen for more than 30 years, serving also as Adviser to the Governor of Danmarks Nationalbank, Chair of the Danish Economic Council and member of various expert groups on European monetary and financial integration – the subject area of most of his research and publications over the last four decades – and international economics. He was an independent member of the Delors Committee which prepared the outline of Economic and Monetary Union in Europe in 1988-9, a member of the committee advising the government of Sweden on an exit from the crisis of the early 1990s, a member of the Group of Independent Experts evaluating IMF surveillance following the Asian crisis, and he chaired the Economic and Development Review Committee of the OECD which evaluates the economic performance and policies of member states 2000-8. He is a Founder Member of the European Shadow Financial Regulatory Committee since 1998 and the only Honorary Fellow of the Danish Economic Association.


22.11.2013Mario Monti, Bocconi Representative on the International Advisory Council

Mario Monti was Prime Minister of Italy from 2011 to 2013. In addition, he is Honorary President of Bruegel, a European think-tank for economic policy, and member of the Reflection Group on the Future of Europe in 2020-2030, established by the European Council and presided by Felipe González. He was Member of the European Commission for a decade, first as Commissioner for Internal Market, Financial Services and Financial Integration Customs, and Taxation (1995-1999), and then for Competition (1999-2004). In addition to dealing with major antitrust cases (such as GE/Honeywell, Microsoft, and the German Landesbanken), he introduced radical reforms in EU antitrust regulation and control of excessive market concentrations. He also led, along with US authorities, the creation of the International Competition Network (ICN). He was nominated Member of the Commission pour la libération de la croissance française established by the President of the French Republic Nicolas Sarkozy and presided by Jacques Attali. He has been Coordinator of the European Union for the trans-European project of electrical interlinking between France and Spain. Born in Varese in 1943, Mario Monti graduated in Economics and Business at Università Bocconi and did post-graduate studies at Yale University. Prior to joining the European Commission, he was Professor of Economics at Università Bocconi and then Rector from 1989 to 1994. He served as President of SUERF between 1982 and 1985.


24.10.2003Robert Raymond

Robert Raymond was latterly the Director General of the European Monetary Institute, the precursor to the European Central Bank, between 1994 and 1998, having previously served as Director General in the Banque de France between 1982 and 1994. He was formerly a frequent editor of SUERF Colloquium Volumes, and was made an Honorary Member of SUERF at the Association’s 40th Anniversary celebration in Paris in 2003. He holds a PhD in Law and Economics from the Sorbonne.


24.10.2003Jean-Paul Abraham, Emeritus Professor at the Universities of Namur and Leuven †

Prof. Jean-Paul Abraham was born in 1930 and is Emeritus Professor at the Universities of Namur and Leuven and also at the College of Europe (Bruges), Belgium. He is a former Executive Director of Paribas Bank Belgium and a former Adviser to Artesia Bank. He was President of SUERF between 1994 and 1997, and in 2003 wrote the Association"s 40th Anniversary Volume - "Monetary and Financial Thinking in Europe: Evidence from Four Decades of SUERF" - which focussed on the output of the twenty-three Colloquia held between 1969 and 2003.


24.10.2003Baron Alexandre Lamfalussy †

Baron Alexandre Lamfalussy was born in Hungary and studied at the Catholic University of Leuven and Nuffield College, Oxford, where he received his doctorate in economics. He later taught at the Université catholique de Louvain and Yale. In 1963 he was among the founders of SUERF and served as the Association"s first Honorary Treasurer. In honour of his contribution to European monetary and financial issues, he was made an honorary member of SUERF at the association"s 40th anniversary meeting held at the Banque de France in Paris in 2003. From 1976 he was an economic adviser to the Bank for International Settlements in Basel and held the post of assistant general manager from 1981 to 1985. He was then general director of the bank, where he remained until 1993. From 1994 to 1997 he was founding president of the European Monetary Institute in Frankfurt, forerunner to the European Central Bank. From 2000 to 2001 he chaired the Committee of Wise Men on the Regulation of European Securities Markets, whose proposals were adopted by the Council of the European Union in March 2001. As chair of the committee, he oversaw the creation of the Lamfalussy process, an approach to the development of financial service industry regulation used most famously in MiFID - the Markets in Financial Instruments Directive.


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