- 17 Mar, 23
Caio Koch Weser 101: The Journey of World-Class Economist
Caio Koch Weser was born on July 25, 1944, in Rolândia, Brazil. He is a Brazilian-German financial expert and former high-ranking German financial official. He served as Vice President and Managing Director of the World Bank, as well as the Financial State Secretary of the German government from 1999 to 2005.
He worked as Deputy Chairman of Deutsche Bank from 2006 to 2016, where he was responsible for advising and shaping the strategy of government agencies, regulatory bodies, and corporations around the world. If you are interested in learning more about Caio Weser, keep reading this article on Zatrun.com.
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Who is Caio Koch Weser?
Caio Koch Weser was born to parents who, along with his grandmother, left Bremerhaven during the Nazi era. His grandfather was Erich Koch-Weser, a DDP politician who served as Justice Minister (1928-1929) and Deputy Prime Minister (1920) during the Weimar Republic. In 1933, Koch-Weser’s family emigrated to Rolândia, Brazil, where his grandfather established a coffee plantation and a German colony.
Caio Koch Weser is a German and Brazilian citizen. He is married to Maritta Rogalla von Bieberstein Koch-Weser, who worked for the World Bank for 20 years (1980-1998) and is now a board member of Earth3000 and GEXIE (Global Exchange for Social Investments) and the German Climate Fund. They have three children.
Koch-Weser started working for the World Bank in 1973 and served as Vice President from 1991 and as Managing Director from 1996. In May 1999, he became State Secretary at the Federal Ministry of Finance in the Schröder I government. In 2000, he was the first candidate of the German government for the position of Managing Director and Deputy Chairman of the Executive Board of the International Monetary Fund, but was rejected by the US, and Horst Köhler was subsequently elected.
His Works and Ideas in Economics
In October 2005, Caio Koch Weser announced that he would leave the Ministry of Finance at his own request. He then moved to the private financial sector and became an extended member of the Management Board of Deutsche Bank in January 2006. As Vice Chairman, he reported directly to the Chairman of the Management Board and served as a consultant to the bank’s clients.
While at the Finance Ministry, he was primarily responsible for bank supervision. During his tenure as State Secretary, he approved the controversial management structure of the German Bank, although the Ministry of Justice expressed serious concerns.
In March 2008, the Berlin Republic Prosecutor’s Office initiated an investigation into Deutsche Bank regarding the state guarantee for the Ostsee Pipeline and identified Koch-Weser as a suspect. The allegation against Koch-Weser in this investigation was that he wrongly approved the guarantee. However, the investigation was eventually dropped due to a lack of evidence.
Overall, Caio Koch Weser is a prominent figure in the financial industry and has held various high-level positions in the World Bank, German government, and Deutsche Bank. He is recognized for his extensive knowledge and expertise in finance and his contributions to the development of financial policies and strategies.