Personal data

born 1944 (Vienna)

married to Ingrid Nowotny, son Florian Nowotny

Education

Studies in law and government science at the University of Vienna and the Institute of Advanced Studies, Vienna

1967

Doctorate in Law, University of Vienna

2008

Honorary Doctorate in Social and Economic Sciences, University of Klagenfurt

Academic Activities

1968 – 1973

Assistant to Kurt W. Rothschild at the Institute for General Economics and Public Economics, University Linz

1973

Tenure-track professorship in General Economics and Public Economics, followed by research tenures and professorships at Havard University, Technical University Darmstadt and the University of Linz.

1981 – 2008

Full Professor at Vienna University of Economics and Business Administration

2003 – 2004

Vice Rector, Financial Affairs. Vienna University of Economics and Business Administration

Business Activities

1971 – 1979

Member and later President, Governing Board of the Österreichische Postsparkasse (P.S.K.), Expert on cartel matters, Cartel Court of the Superior Land Court, Vienna.

1999 – 2003

Vice President and Member of the Executive Board, European Investment Bank, Luxembourg

2006 – 2007

Chief Executive Officer, BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG

since 1. 9. 2008

Governor of the OeNB

Memberships of Supervisory Boards

1992 – 1999

Vienna Insurance Group, Asset Management

1995 – 2008

Linz AG

1995 – 2005

Advisory Board of VAMED Management and Service GmbH

2003 – 2005

Dexia – Kommunalkredit Bank AG

2005 – 2008

Österr. Kontrollbank AG (OeKB)

2005 – 2008

Voest Alpine AG

2007 – 31. 8. 2008

General Council of the OeNB

Political Activities

1979 – 1999

Member of the Austrian Parliament

1985 – 1999

Chairman of Finance Committee, Austrian Parliament