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

Christian Democratic Appeal The Christian Democratic Appeal ( , CDA) is a Christian democratic and conservative political party in the Netherlands. Formed as a federation in 1975 by the Catholic People's Party, the Anti-Revolutionary Party, and the Christian Historical ...

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

Erasmus University Rotterdam Erasmus University Rotterdam ( ; abbreviated as EUR) is a public research university located in Rotterdam, Netherlands. The university is named after Desiderius Erasmus Roterodamus, a 15th-century Christian humanist and theologian. Erasmus M ...

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

Ministry of Finance A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfoli ...

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 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 funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...

(IMF), taking office on 1 January 1977. In December 1980 Ruding was nominated as CFO 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 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 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 private sector employs most of the workfo ...

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, pu ...

, 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 company based in New York City. The company was formed in 1998 by the merger of Citicorp, t ...

, 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 of Citibank Europe, 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, Society for Statistics and Operations Research, NIBC Bank,

International Statistical Institute The International Statistical Institute (ISI) is a professional association of statisticians. At a meeting of the Jubilee Meeting of the Royal Statistical Society, statisticians met and formed the agreed statues of the International Statistical ...

and the Tinbergen Institute).

Decorations

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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 Commanders of the Legion of Honour 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 Members of the Order 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 Politicians 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 Christian Democratic Appeal MPs