After studying business administration at Cologne University, Michael Stölting joined Westdeutsche Landesbank Girozentrale in 1989. At WestLB he held various positions including: Head of Swap and Options Trading for Asia-Pacific at WestLB Tokyo and, from 1993, Head of Swap and Options Trading for Europe in Düsseldorf.

Between 1998 and 2002, he was in charge of the Credit Derivatives Department in Düsseldorf and held the position of Co-Head of Credit Derivatives Europe in Düsseldorf and London. He later assumed the position of Managing Director and expanded the credit portfolio management of WestLB AG. In 2005, he was also appointed Vice Head of the business unit Credit Risk Management.

In July 2006, Michael Stölting joined NRW.BANK as Head of the newly created Risk Management unit, with responsibility for all risk types.

As of January 1, 2009, he was appointed Vice Member of the Managing Board in charge of the capital markets business. He has been an ordinary member of the Managing Board since July 1, 2009 and is responsible for Promotion Programme Advisory Services & Customer Service, Capital Markets, Equity Finance as well as Special Finance. He is also Board member for the Rhineland region. Born in Cologne, Michael Stölting is married with three children.