Steven Maijoor will join the Governing Board of De Nederlandsche Bank (DNB) on April 1, 2021. He is currently Chair of the Board of Supervisors of the European Securities and Markets Authority (ESMA). In his new position as member of DNB’s Governing Board he will be responsible for banking supervision.

At DNB, Mr Maijoor will take over the responsibilities of Frank Elderson, who was appointed as a member of the Executive Board of the European Central Bank (ECB) on December 15, 2020.

Steven Maijoor, Chair of ESMA’s Board of Supervisors (2011 – present) has a long track record as a board member and chairperson of various financial supervisory authorities. Following a post as professor of business economics and dean at the School of Business and Economics of Maastricht University, he was a director at the Dutch fellow regulator AFM, the Authority for the Financial Markets, between 2004 and 2011. He then became the first Chair of ESMA.

He graduated in business economics at the University of Groningen and obtained a doctorate from Maastricht University in this field.

His responsibilities in DNB’s Governing Board will include banking supervision (European banks, national institutions, and on-site supervision and banking expertise), horizontal functions and integrity, and legal services.

Following deliberation in the Council of Ministers, the Minister of Finance and the Minister of the Interior and Kingdom Relations have decided to approve his remuneration in excess of the ceiling referred to in the Public and Semi-Public Sector Executives Remuneration (Standards) Act (WNT).