FEB professor Klaas Knot to succeed Wellink as president of DNB

Klaas Knot, professor of Money and Banking Institutions at the Faculty of Economics and Business of the University of Groningen and Deputy Treasurer General and Director of Financial Markets at the Dutch Ministry of Finance, will be appointed the new President of De Nederlandsche Bank (DNB) on 1 July. Minister De Jager confirmed this today. Knot will succeed the current president Nout Wellink.

‘We are proud of the appointment of FEB economist and professor Klaas Knot to DNB president’, says FEB Dean Prof. Harry Garretsen in an initial response. ‘Klaas has been a well-known figure at our Faculty for a long time – first as a student and PhD student and now as professor. He is an excellent economist and lecturer, and we hope that he will remain involved with FEB one way or another.’

Klaas Knot (Onderdendam, 1967) graduated ‘cum laude’ in general economics in 1991 and gained his PhD at the University of Groningen in 1995. He subsequently worked as a regular and senior economist/policy official at De Nederlandsche Bank. In 1998 Knot moved to Washington DC, where he worked at the IMF European I Department for a year and a half. He then went on to work for De Nederlandsche Bank and subsequently Stichting Pensioen- en Verzekeringskamer in Apeldoorn.

Since 2005 he has been professor of Money and Banking Institutions at the University of Groningen, and since 2004 departmental director at De Nederlandsche Bank. In 1991 he was appointed Director of Financial Markets at the Ministry of Finance as well as Deputy Treasurer General.