He is currently a board member and chairman of Swiss investment bank and financial services company, UBS Group AG,[1] and has announced his resignation effective 7 April 2022.

[7] Weber was appointed President of the Deutsche Bundesbank by the German finance minister Hans Eichel as successor of the resigning Ernst Welteke,[6] and elected as a member of the Governing Council of the European Central Bank in 2004.

On 9 February 2011, Weber announced his resignation from his chairmanship of the Bundesbank, effective 30 April 2011, a year before the expiry of his term of office.

[11] The move was seen as throwing open the candidacy for president of the European Central Bank to others to succeed Jean-Claude Trichet starting 1 November 2011.

[15] He attended the Federal Reserve Bank of Kansas City's Economic Policy Symposium in Moran near Jackson Hole, Wyoming, in summer 2011.

[5] In late 2015, Weber was awarded the title of "European Banker of the Year 2014" in Germany by the International Association of Economic Journalists called the Group of 20+1.