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