Prof. Dr. Joachim Wuermeling took office as a member of the Executive Board of the Deutsche Bundesbank on November 1, 2016. He is responsible for the Directorates General Data and Statistics, Controlling, Accounting and Organisation as well as Information Technology and Risk Control. Prior to taking on his current position, Mr. Wuermeling, who has a PhD in Law, held a variety of executive-level posts in the financial and insurance industries as well as in politics. From 2011 until his departure for the Bundesbank, Mr. Wuermeling was Chairman of the Board of Directors of the Association of Sparda-Banken in Frankfurt am Main. Prior to that, he was a member of the Executive Board of the German Insurance Association for around three years. From 2005 to 2008, Mr. Wuermeling was State Secretary for European affairs at the Federal Ministry for Economics and Technology, where he was also responsible for coordinating European policy matters. Prior to this, he was a member of the European Parliament (CSU) from 1999 to 2005.