Wolf Klinz is Chairman of the Special Committee on the Financial, Economic and Social Crisis (CRIS), he sits on the European Parliament's Committee on Economic and Monetary Affairs (ECON) and he is a substitute for the Committee on Development (DEVE). He is the Vice-Chairman for the Delegation for relations with Canada and a member of the Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN).

Wolf Klinz was a Partner with McKinsey & Company in the United Kingdom, Germany and France.