Luis María Linde

Luis María Linde de Castro (born May 15, 1945 in Madrid) is a Spanish economist and civil servant who has served as governor of the Spanish Central Bank from 2012 until 2018.

This article uses Spanish naming customs: the first or paternal family name is Linde and the second or maternal family name is de Castro.
Luis María Linde
69th Governor of the Bank of Spain
In office
11 June 2012 – 11 June 2018
Preceded byMiguel Ángel Fernández Ordóñez
Succeeded byPablo Hernández de Cos
Personal details
Born (1945-05-15) 15 May 1945
Madrid, Spain
Alma materComplutense University

Early life and education

Linde graduated with a degree in economic sciences from the Universidad Complutense de Madrid with top marks.[1]

Career

Linde was the trade attaché at the Spanish embassy in the Soviet Union and worked for the Ministry of Economy.[2] In 1983 he was appointed to the Banco de España.[3] Between 2005 and 2008 he was executive for Spain in the Inter-American Development Bank.[3]

On May 25, 2012 Linde succeeded Vicente Salas as a member of the governing council of the Banco de España.[4] A few days later Miguel Ángel Fernández Ordóñez resigned as chairman of the bank and Linde was appointed.[2][5] Another candidate for the post, who was favoured by the European Central Bank (ECB) and financial markets, was José Manuel González Paramo, a former member of the Executive Board of the ECB. Under the bank's statutes Linde will have to retire in three years when he turns 70, and will not therefore be able to complete a six-year term.[6]

Under Linde, who was named only two days before Spain requested a European bailout, the central bank came under fire for its handling of the banking crisis and maintained a neutral stance on economic policy.[7]

Other activities

International organizations

Non-profit organizations
  • Fundación pro Real Academia Española, Chairman
  • Official Credit Institute (ICO), Member of the Board of Directors[9]
  • Princess of Asturias Foundation, Member of the Board of Trustees[10]

Corporate boards
  • Compañía Española de Crédito a la Exportación (CESCE), Adviser to the Board of Directors (2009-2011)
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References
  1. Linde, medio mandato para cumplir una ilusión frustrada El País.
  2. "Luis María Linde, nombrado nuevo gobernador del Banco de España".
  3. "Un gobernador que sea capaz de cambiar una rueda con el coche en marcha".
  4. "El Ejecutivo nombra a Linde como consejero del Banco de España".
  5. "El Rey felicita a Guindos y a Rajoy por el rescate europeo a la banca española".
  6. Andrés González (June 7, 2012), Linde named new Bank of Spain governor Reuters.
  7. Julien Toyer (May 28, 2018), Spain names Hernandez de Cos as new central bank chief Reuters.
  8. Members International Monetary Fund (IMF).
  9. Luis Maria Linde Archived 2016-08-21 at the Wayback Machine International Economic Forum of the Americas.
  10. Board of Trustees Princess of Asturias Foundation.
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