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Bio of Mario Draghi, next head of the ECB

October 31, 2011

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BORN -- Sept. 3, 1947, Rome, Italy. Age 64.

PROFESSIONAL EXPERIENCE -- Appointed head of Bank of Italy, the country's central bank, on Dec. 29, 2005. Serves on the 23-member governing council of the European Central Bank, which sets interest rates for the 17 countries that use the euro.

Headed the Financial Stability Board, formerly the Financial Stability Forum, from 2006. The FSB is an international organization that seeks to head off risks for the global financial system.

Vice chairman and managing director, Goldman Sachs International, London, 2002-2005, member of executive committee, 2004-2005.

Director general, Italian Treasury, 1991-2001. Headed government privatization committee.

Served as an executive director at the World Bank, 1984-90.

EDUCATION -- Ph.D. in economics, Massachusetts Institute of Technology, 1977. Studied under Nobel winners Franco Modigliani and Robert Solow. Degree in economics, Universita degli Studi, Rome, 1970.

QUOTE -- "We are moving towards a new European pact, towards a shared management of the underlying problems of our economies in which each is called on to shoulder more responsibility in serving the common good. It is in the interest of the individual member states to recognize ... the ways to go forward -- and without hoping in others -- to trust in themselves, their own strength, their own history -- to save themselves in Europe."

FAMILY -- Married, two adult children.

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