After apprenticeship at Dresdner Bank AG, Frankfurt, study of business administration, with a special focus on bank management. 1970-1973 assistant at the Center for Financial Studies in Frankfurt. 1974–1986 Deutsche Bundesbank; 1980 Chief of staff of Bundesbank President Pöhl; 1984-1986 Head of Press and Information Department. 1986-1992 Managing Director Federation of German Stock Exchanges. 1990-1994 Member of the Board of Deutsche Börse AG (until 1992 Frankfurter Wertpapierbörse AG); 1991/1993 Speaker of the Board of Management. Since 1995 Deutsches Aktieninstitut e.V., Frankfurt. Member of various Supervisory and Advisory Boards. Member of the Board of Directors of the Center for Financial Studies, Frankfurt. Lecturer at the Johann Wolfgang Goethe University, Frankfurt.