Urban Bäckström

Urban BäckströmDirector General, Confederation of Swedish Enterprise, Sweden

Sessions: Day 2, Plenary 4 Closing remarks

Urban Bäckström assumed his present position as Director General of the Confederation of Swedish Enterprise in June 2005, after serving as Chief Executive Officer of one of Sweden’s largest life insurer, Skandia Liv, since 2003.

Mr. Bäckström is currently also the Deputy Chairman of Nasdaq OMX, a board member of AMF pension and a member of the board of the Research Institute of Industrial Economics.

On January 1, 1994 Mr. Bäckström was appointed Governor of Sveriges Riksbank, the Swedish Central Bank, and was reappointed for a second term on January 1, 1999 , under new legislation, as Chairman of the Executive Board and Governor of Sveriges Riksbank and stayed on until December 31, 2002.
During his nine year tenure with the Swedish Central Bank, Mr. Bäckström also served as a director on the Board of the Bank for International Settlements (BIS), from 1994 to 1999. From March 1999 to February 2002, he was President and Chairman of BIS. In addition, he has represented Sweden as Governor of the International Monetary Fund, in the Group-of-Ten Finance Ministers and Central Bank Governors, in the European Monetary Institute, the forerunner of the ECB, and in the General Council of the European Central Bank.

One of Urban Bäckström’s main responsibilities during his years as State Secretary in the Ministry of Finance (1991-1993) was to manage the Swedish banking crisis.
Prior to his work as State Secretary, Urban Bäckström held positions as Chief Executive Officer of a brokerage firm and Chief Economist of the Conservative Party. Furthermore, Mr Bäckström has, during the early 1980s, managed the family business, Hotel Mollberg in Helsingborg in the south of Sweden.
Mr. Bäckström holds a Bachelor of Science (Economics), Stockholm University 1979 and studied Ph.D. courses in Economics at Stockholm University and the Stockholm School of Economics.