Jozef Makúch (born 26 August 1953 in Podhájska,

Czechoslovakia Czechoslovakia ( ; Czech language, Czech and , ''Česko-Slovensko'') was a landlocked country in Central Europe, created in 1918, when it declared its independence from Austria-Hungary. In 1938, after the Munich Agreement, the Sudetenland beca ...

) was the Governor of

National Bank of Slovakia National Bank of Slovakia (, NBS) is the national central bank for Slovakia within the Eurosystem. It was the Slovak central bank from 1993 to 2008, issuing the koruna. Since 2014, it has been Slovakia's national competent authority within Eur ...

since January 2010 to June 2019. Makúch quit ahead of the end of his second mandate in January 2021, citing concerns about central bank independence he deemed threatened by the "political wrangling" he expected to follow the

2020 Slovak parliamentary election Parliamentary elections were held in Slovakia on 29 February 2020 to elect all 150 members of the National Council. The populist Ordinary People and Independent Personalities–NOVA–Christian Union–Change from Below (OĽaNO–NOVA–KÚ� ...

Career

Makúch studied at the

University of Economics in Bratislava The Bratislava University of Economics and Business () is the oldest university of economics in Slovakia. History The university was established in 1940 as a private university under the name Vysoká obchodná škola v Bratislave (College of Co ...

, graduating in 1976 in Economics. In 1985 he completed his postgraduate studies. Makúch worked at the

's predecessor Czechoslovak State Bank since 1989. Upon independence of Slovakia he became a member of the newly founded Central Bank's Governing Board. In 2000 he left the

to lead the Financial Markets Authority. He rejoined the bank again in 2006 when the institution was merged with the Central Bank and again became a Board Member. He was named Bank's governor in 2010 by the

President of Slovakia The president of the Slovak Republic () serves as the head of state of Slovakia and commander-in-chief of the Armed Forces. The people directly elect the president for five years, for a maximum of two consecutive terms. The presidency is essent ...

NBS Governor

Makúch was an

ex-officio An ''ex officio'' member is a member of a body (notably a board, committee, or council) who is part of it by virtue of holding another office. The term ''List of Latin phrases (E)#ex officio, ex officio'' is Latin, meaning literally 'from the off ...

member of the

Governing Council of the European Central Bank The European Central Bank (ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important central banks wi ...

, of the General Board of the

European Systemic Risk Board The European Systemic Risk Board (ESRB) is a group established on 16 December 2010 in response to the euro area crisis. It is tasked with the macro-prudential oversight of the financial system within the European Union in order to contribute to ...

, a Governor of the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...

and an Alternate Governor of the

European Bank for Reconstruction and Development The European Bank for Reconstruction and Development, shortened to EBRD ( French: ''Banque européenne pour la reconstruction et le développement'' or ''BERD''), is an international financial institution founded in 1991 in Paris. As a multilat ...

References

1953 births Governors of the National Bank of Slovakia Living people People from Nové Zámky District University of Economics in Bratislava alumni {{Europe-business-bio-stub