Jean Godeaux

Who was Jean Godeaux?

Baron Jean Godeaux was a Belgian economist, civil servant and former governor of the National Bank of Belgium from 1982 until 1989.

Jean Godeaux studied both law and economics, and started his career in 1947 at the NBB in the Foreign Affairs department. From 1949 until 1955, he was a member of the Belgian delegation to the International Monetary Fund. When he returned to Brussels in 1955, he was appointed as a director of the Banque Lambert, where he subsequently became co-administrator, and later chairman of the board of the bank. He was involved in the preparations for the merger with the Banque de Bruxelles, which would lead to the creation of the Banque Bruxelles Lambert. Godeaux resigned in 1974, before the finalisation of the merger, in order to become the president of the Banking Commission of Belgium, and in 1979 he joined the European Commission’s Banking Advisory Committee.

When he was appointed as governor of the NBB in 1982, he was immediately faced with the devaluation of the Belgian franc. Due to this devaluation the relations with Luxembourg had been seriously disrupted and he had the task to normalize the relations.

In 1988, Jean Godeaux became president of the Committee of Governors of the Central Banks of the Member States of the EEC, and of the European Monetary Cooperation Fund. In 1989 he contributed to the preparation of the Delors Report. He left the NBB in 1990, after which he joined the board of the Société Générale de Belgique, where he stayed until 1996. He was succeeded by Alfons Verplaetse as governor of the NBB.