But coming back to Mumbai, I would also like to take the opportunity to welcome our new representative, Alexander Sattler. Before joining the Bundesbank, he previously worked as a policy advisor at GIZ, the German Federal Government’s agency for international development cooperation.
Furthermore, with his background in both economics and political science, he worked most recently as an expert in the Bundesbank’s International Monetary Affairs Division, dealing in particular with global financial stability issues relating to the International Monetary Fund. Some of you have already met him, and I am certain that he will be a worthy successor to Thomas Notheis.