Quick Facts
Biography
Miguel Ángel Fernández Ordóñez (born 3 April 1945) is a Spanish economist and politician, member of the Socialist Workers' Party and former Governor of the Bank of Spain. He is the younger brother of Francisco Fernández Ordóñez, also a Socialist politician, and he is married to Inés Alberdi.
Biography
He was born in Madrid in 1945, he graduated in Law and Economic Science in the Complutense University of Madrid. He belongs to the Cuerpo de Técnicos Comerciales and State Economists.
He was secretary of State for the Economy, secretary of State for Commerce and Executive director of the International Monetary Fund. In 1992 he was appointed president of the Court of Defense of the Competition. Between 1995 and 1999 he was president of the Commission of the National Electric System. Between 2004 and March 2006 he was secretary of state for Internal Revenue. On March 10 he was appointed Counsellor of the Bank of Spain and member of its Executive Commission.
Cadena SER announced that Fernández Ordóñez would succeed Jaime Caruana as Governor of the Bank of Spain in July 2006 when Caruana finished his term. Minister of Economy and Finance Pedro Solbes confirmed this decision on June 21, 2006.
On June 12th 2012 he was replaced by Luis María Linde as governor of the Bank of Spain.