Karl Otto Pöhl (born 1 December 1929) is a
GermanGermany , officially the Federal Republic of Germany , is a country in Central Europe. It is bordered to the north by the North Sea, Denmark, and the Baltic Sea; to the east by Poland and the Czech Republic; to the south by Austria and Switzerland; and to the west by France, Luxembourg, Belgium,...
economist and a President of the Bundesbank and Chairman of its Central Bank Council from 1980 to 1991.
Born in
HanoverHanover 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, in their dignities as the dukes of Brunswick-Lüneburg Hanover or Hannover , on the river Leine, is...
, 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 Director at the Ifo Institute for Economic Research in
MunichMunich is the capital city of Bavaria, Germany. It is located on the River Isar north of the Bavarian Alps. Munich is the third largest city in Germany, after Berlin and Hamburg...
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Karl Otto Pöhl (born 1 December 1929) is a
GermanGermany , officially the Federal Republic of Germany , is a country in Central Europe. It is bordered to the north by the North Sea, Denmark, and the Baltic Sea; to the east by Poland and the Czech Republic; to the south by Austria and Switzerland; and to the west by France, Luxembourg, Belgium,...
economist and a President of the Bundesbank and Chairman of its Central Bank Council from 1980 to 1991.
Born in
HanoverHanover 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, in their dignities as the dukes of Brunswick-Lüneburg Hanover or Hannover , on the river Leine, is...
, 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 Director at the Ifo Institute for Economic Research in
MunichMunich is the capital city of Bavaria, Germany. It is located on the River Isar north of the Bavarian Alps. Munich is the third largest city in Germany, after Berlin and Hamburg...
. In the 1960s he worked as an economic journalist in
BonnBonn is the 19th largest city in Germany. Located in the Cologne/Bonn Region, about 20 kilometres south of Cologne on the river Rhine in the Federal 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...
until the
Social Democratic Party of GermanyThe Social Democratic Party of Germany is Germany's oldest political party. The party governed at the federal level in a grand coalition with the Christian Democratic Union and the Christian Social Union until conceding defeat in the federal election of September 2009...
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
euroThe euro is the official currency of 16 of the 27 Member States of the European Union . The states, known collectively as the Eurozone, are Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain...
.
Karl Otto Pöhl is currently a partner in
Sal. Oppenheim Jr. & Cie.Sal. Oppenheim jr. & Cie. SCA is one of the largest privately owned banks in Europe, currently headquartered in Luxembourg. 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 GroupThe Carlyle Group is a global private equity investment firm, based in Washington, D.C., with more than $84.5 billion of equity capital under management, diversified over 64 different funds as of March 31, 2009. The firm operates four fund families, focusing on leveraged buyouts, growth capital,...
. He has also been a member of the influential Washington-based financial advisory body, the
Group of ThirtyThe 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.