ESM - European Stability Mechanism
David Wallace is an experienced professional who has held various high-level positions in leading financial institutions. David currently serves as the Head of IT and Facility Management at the European Stability Mechanism. Prior to this, David worked at the European Investment Bank as Deputy Project Director and at DZ Bank International as a Project Manager. With a strong educational background including degrees from top institutions like Stanford University and Harvard Business School, David has a solid foundation for driving innovation and new ventures in established organizations.
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ESM - European Stability Mechanism
The ESM is the crisis resolution mechanism for euro area countries. The ESM issues debt instruments in order to finance loans and other forms of financial assistance to euro area Member States. The decision leading to the creation of the ESM was taken by the European Council in December 2010. The euro area Member States signed an intergovernmental treaty establishing the ESM on 2 February 2012. The ESM was inaugurated on 8 October 2012 and is based in Luxembourg.