(1939– )
Bank manager and Christen Democratisch Appel (CDA) politician. After having studied economics at the School (now University) of Economics in Rotterdam, Ruding went to work in finance and banking, among other posts as executive di rector of the International Monetary Fund (1977–1980). Then he served the Ruud Lubbers government as minister of finance (1982–1989), during which time he became known for his auster ity policy in order to manage the state’s finances. After a part-time job as president of the Nederlands Christelijk Werkgeversverbond (NCW; Dutch Christian Employers Association), Ruding joined Citicorp Bank in 1992.
Historical Dictionary of the Netherlands. EdwART. 2012.