call by G7 finance ministers and central bank governors on the continuing European debt crisis, Ackerman said in a speech to the Atlantic Council that "Germany will ultimately take whatever steps [are] necessary to keep the euro zone intact", according to one report. The country "is moving cautiously because it simply fears that countries on the European periphery will stop reform measures if they see that Berlin is going to guarantee everything", he continued. He was a non-executive director of Vodafone from 2000 to 2002. Return to banking In November 2014 he was elected as chairman of the board of directors of the Bank of Cyprus following the proposal of the new major shareholder of the bank Wilbur Ross, who later became the Commerce Secretary in the Trump Administration. Personal life He is married to Pirkko Mölsä. References External links 1948 births Swiss bankers Swiss corporate directors Swiss Roman Catholics Swiss chief executives Living people People from Walenstadt University of St. Gallen alumni Directors of Shell plc Vodafone people Group of Thirty Members of the Steering Committee of the Bilderberg Group Bank of Cyprus