Herman Onno Christiaan Rudolf "Onno" Ruding (born 15 August 1939) is a retired Dutch politician of the

Christian Democratic Appeal The Christian Democratic Appeal ( nl, Christen-Democratisch Appèl, ; CDA) is a Christian-democratic political party in the Netherlands. It was originally formed in 1977 from a confederation of the Catholic People's Party, the Anti-Revolutionary ...

(CDA) party and businessman. Ruding worked as student researcher at the

Erasmus University Rotterdam Erasmus University Rotterdam (abbreviated as ''EUR'', nl, Erasmus Universiteit Rotterdam ) is a public research university located in Rotterdam, Netherlands. The university is named after Desiderius Erasmus Roterodamus, a 15th-century humanist ...

from June 1964 until July 1969 and worked as a civil servant for the

Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Eco ...

from February 1965 until June 1971 and as Deputy Director-General of the department for International Monetary Affairs from February 1965 until September 1966 and Director-General of the Department for International Monetary Affairs from September 1966 until June 1971. Ruding worked as an investment banker for the

AMRO Bank The AMsterdamsche en ROtterdamsche Bank (AMRO Bank , "Bank of Amsterdam and Rotterdam") was a major Dutch bank that was created in 1964 by the merger of the Amsterdamsche Bank (est. 1871) and the Rotterdamsche Bank (est. 1863). In 1991, it merged ...

from June 1971 until January 1977. In December 1976 Ruding was nominated as an Executive Director of the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ...

(IMF), taking office on 1 January 1977. In December 1980 Ruding was nominated as

CFO The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financi ...

and Vice Chairman of the Board of directors of the AMRO Bank, he resigned as Executive Director of the International Monetary Fund on 31 December 1980 and was installed as CFO and Vice Chairman of the AMRO Bank on 1 January 1981. After the election of 1982 Ruding was appointed as

Minister of Finance A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", " ...

in the Cabinet Lubbers I, taking office on 4 November 1982. Ruding was elected as a Member of the House of Representatives after the election of 1986, taking office on 3 June 1986. Following the cabinet formation of 1986 Ruding continued as Minister of Finance in the Cabinet Lubbers II, taking office on 14 July 1986. On 3 May 1989 the Cabinet Lubbers II fell and continued to serve in a demissionary capacity. In July 1989 Ruding announced that he would not stand for the election of 1989. The Cabinet Lubbers II was replaced by the Cabinet Lubbers III on 7 November 1989. Ruding retired from active politics and returned to the

private sector The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The ...

and

public sector The public sector, also called the state sector, is the part of the economy composed of both public services and public enterprises. Public sectors include the public goods and governmental services such as the military, law enforcement, infra ...

, in December 1989 Ruding was nominated as a Chairman of the Christian Employers' association (NCW), taking office on 1 January 1990. In February 1992 Ruding was nominated as Vice Chairman of the Board of directors of

Citigroup Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking ...

, he resigned as Chairman of the Christian Employers' association on 21 March 1992 the same day he was installed as Vice Chairman of the Board of directors of Citigroup. In December 1999 Ruding was appointed as

COO COO or coo may refer to: Business * Certificate of origin, used in international trade * Chief operating officer or chief operations officer, high-ranking corporate official * Concept of operations, used in Systems Engineering Management Process ...

Citibank Europe Citibank Europe plc, commonly known as Citibank, with its headquarters based in the Republic of Ireland, is a subsidiary of Citigroup, a multinational financial services corporation headquartered in New York City, United States. Citibank Europ ...

, serving from 1 January 2000 until 1 October 2003. Following his retirement Ruding remains active in the private sector and public sector and continues to occupy numerous seats as a corporate director and nonprofit director on several supervisory boards (

Centre for European Policy Studies The Centre for European Policy Studies (CEPS) is a think tank based in Brussels, Belgium that undertakes research "leading to solutions to the challenges facing Europe today". It was established in 1983. Organisation CEPS is a leading think tan ...

, Society for Statistics and Operations Research,

NIBC Bank NIBC Bank N.V. is a commercial bank in the Netherlands offering corporate and retail banking products and services. Its corporate banking activities range from advising, structuring, financing and co-investing across debt and equity in Northwest ...

International Statistical Institute The International Statistical Institute (ISI) is a professional association of statisticians. It was founded in 1885, although there had been international statistical congresses since 1853. The institute has about 4,000 elected members from gov ...

and the

Tinbergen Institute The Tinbergen Institute is a joint institute for research and education in economics, econometrics and finance of the VU University Amsterdam, the University of Amsterdam, and the Erasmus University Rotterdam. The institute was founded in 1987 an ...

Decorations

References

External links

;Official *
Dr. H.O.Ch.R. (Onno) Ruding
Parlement & Politiek {{DEFAULTSORT:Ruding, Onno 1939 births Living people Businesspeople from Washington, D.C. Christian Democratic Appeal politicians Commanders of the Order of Orange-Nassau Commandeurs of the Légion d'honneur Citigroup employees Dutch bankers Dutch business writers Dutch chief executives in the finance industry Dutch corporate directors Dutch expatriates in Belgium Dutch expatriates in England Dutch expatriates in the United States Dutch financial advisors Dutch financial analysts Dutch financial writers Dutch lobbyists Dutch nonprofit directors Dutch nonprofit executives Dutch officials of the United Nations Dutch Roman Catholics Dutch trade association executives Erasmus University Rotterdam alumni Academic staff of Erasmus University Rotterdam Grand Officers of the Order of the Crown (Belgium) International Monetary Fund people International economists Knights Commander of the Order of Merit of the Federal Republic of Germany Knights Grand Cross of the Order of Merit of the Italian Republic Knights of the Holy Sepulchre Knights of the Order of the Netherlands Lion Members of the House of Representatives (Netherlands) Members of the Social and Economic Council Ministers of Finance of the Netherlands Monetarists Monetary economists People from Breda People from Wassenaar Royal Netherlands Army personnel 20th-century Dutch businesspeople 20th-century Dutch civil servants 20th-century Dutch economists 20th-century Dutch male writers 20th-century Dutch military personnel 20th-century Dutch politicians 21st-century Dutch businesspeople 21st-century Dutch economists 21st-century Dutch male writers