In the course of his career, Mr. Volcker worked in the Federal Government
for almost 30 years, culminating in two terms as Chairman of the Board of
Governors of the Federal Reserve System from 1979-1987. He divided the
earlier stages of his career between the Federal Reserve Bank of
Mr. Volcker retired as Chairman of Wolfensohn & Co. upon the merger of that firm with Bankers Trust. Currently, he is Chairman of the Board of Trustees of the International Accounting Standards Committee overseeing a renewed effort to develop consistent, high-quality accounting standards acceptable in all countries. In 2003, he headed a private Commission on the Public Service recommending a sweeping overhaul of the organization and personnel practices of the Federal Government.
Pursuing his many continuing interests in public policy, Mr. Volcker is
associated with the Japan Society, the
From 1991 to 1994, he served as Chairperson of the Commission of Inquiry regarding Public Violence and Intimidation which came to be known as the Goldstone Commission. He is also Chairperson of the Standing Advisory Committee of Company Law. From 15 August 1994 to September 1996 he served as the Chief Prosecutor of the United Nations International Criminal Tribunals for the former Yugoslavia and Rwanda. During 1998 he was the chairperson of a high level group of international experts which met in Valencia, Spain, and drafted a Declaration of Human Duties and Responsibilities for the Director General of UNESCO (the Valencia Declaration). From August 1999 until December 2001he was the chairperson of the International Independent Inquiry on Kosovo. In December 2001 he was appointed as the chairperson of the International Task Force on Terrorism that was established by the International Bar Association.
From 1985 to 2000, Justice Goldstone was National President of the National Institute of Crime Prevention and the Rehabilitation of Offenders (NICRO). He is chairperson of the Bradlow Foundation, a charitable educational trust, and heads the board of the Human Rights Institute of South Africa (HURISA).
The many awards he has received locally and internationally include the International Human Rights Award of the American Bar Association (1994) and Honorary Doctorates of Law from universities in Canada, Israel, the Netherlands, South Africa, the United Kingdom, and the United States. He is an Honorary Bencher of the Inner Temple, London, an Honorary Fellow of St Johns College, Cambridge, an Honorary Member of the Association of the Bar of New York, and a Fellow of the Weatherhead Centre for International Affairs of Harvard University. He is a Foreign Member of the American Academy of Arts and Sciences. Since 1996, he has been a regular member of the faculty of the Salzburg Seminar.
He is married (wife Noleen) and has two married daughters - Glenda and Nicole. He has four grandsons, Jason, Sean, Ben and Jordan.
From 1989 to 1993 he was Head of Section on Economic and Organised Crime in the Swiss Federal Office of Justice (Ministry of Justice and Police). In this position he was involved in drafting legislation against money laundering, organised crime, drug abuse and corruption and also on the confiscation of assets. As an official and later as a consultant to governments he has acquired extensive experience in international fora, most notably as a member of the Financial Action Task Force on Money Laundering (FATF) between 1989 and 1993, the Chemical Action Task Force on Precurser Chemicals, as Chairman of an Intergovernmental Expert Group of the United Nations (UN) to determine the extent of illicit trafficking in drugs (in 1990) and as the Chair of the OECD Working Group on Bribery in International Business Transactions (since 1990).
He has published extensively in the field of economic and organised crime, money laundering, corruption, sanctioning and criminal procedure. He has served as Dean of the Faculty of Law at the University of Basel. He has also assumed various presidencies and memberships of national commissions in Switzerland (President of the Expert Group of the National Research Programme on Violence and Organised Crime, Former President of the Federal Commission on Data Protection in the Medical Profession, Member of the Swiss Federal Gaming Commission, Member of the Consultative Commission to the Federal Administration of Finances on the Prevention of Money Laundering etc.).
He has been a consultant to corporations, international organisations and foreign governments on issues related to governance. Most recently he has participated in the Wolfsberg AML Banking Initiative.