Zdeněk Tůma (born 19 October 1960) is a

Czech Czech may refer to: * Anything from or related to the Czech Republic, a country in Europe ** Czech language ** Czechs, the people of the area ** Czech culture ** Czech cuisine * One of three mythical brothers, Lech, Czech, and Rus *Czech (surnam ...

economist. From 2000 to 2010, he was

Governor A governor is an politician, administrative leader and head of a polity or Region#Political regions, political region, in some cases, such as governor-general, governors-general, as the head of a state's official representative. Depending on the ...

of the

Czech National Bank The Czech National Bank, (, ČNB) is the central bank and financial market supervisor in the Czech Republic, headquartered in Prague. It is a member of the European System of Central Banks. It was established on from the division of the State ...

(CNB). From 2011 to 2019, he worked in the

private sector The private sector is the part of the economy which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The private sector employs most of the workfo ...

at the audit and consulting firm

KPMG KPMG is a multinational professional services network, based in London, United Kingdom. As one of the Big Four accounting firms, along with Ernst & Young (EY), Deloitte, and PwC. KPMG is a network of firms in 145 countries with 275,288 emplo ...

Czech Republic. Since 2019, he has been the chair of the supervisory board of the ČSOB Group.

Biography

Studies and academia

Zdeněk Tůma was born on 19 October 1960 in

České Budějovice České Budějovice (; ) is a city in the South Bohemian Region of the Czech Republic. It has about 97,000 inhabitants. The city is located in the valley of the Vltava River, at its confluence with the Malše. České Budějovice is the largest ...

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 ...

. After graduating from the Business Academy in České Budějovice, he studied at the Faculty of Trade at the

University of Economics in Prague The Prague University of Economics and Business (PUEB) (originally: ''the University of Economics, Prague''; '', VŠE'') is an economics and business-oriented public university located in Prague, Czech Republic. It is the largest university in ...

from 1979 to 1983, where he was a lecturer for another three years after graduation. In 1986, he joined the Institute of Forecasting of the

Czechoslovak Academy of Sciences The Czechoslovak Academy of Sciences (Czech: ''Československá akademie věd'', Slovak: ''Česko-slovenská akadémia vied'') was established in 1953 to be the scientific center for Czechoslovakia. It was succeeded by the Czech Academy of Science ...

as a researcher, where he completed postgraduate studies in economics from 1987 to 1992. After completing his postgraduate studies, he moved to the Institute of Economic Studies at the Faculty of Social Sciences of

Charles University Charles University (CUNI; , UK; ; ), or historically as the University of Prague (), is the largest university in the Czech Republic. It is one of the List of oldest universities in continuous operation, oldest universities in the world in conti ...

, where he became head of the Department of Macroeconomics. He was then appointed associate professor there in 1995. He continues to lecture at

in Prague. He has been or is a member of various scientific and administrative boards of Czech universities (Charles University,

Czech Technical University in Prague Czech Technical University in Prague (CTU) () is one of the largest universities in the Czech Republic with 8 faculties, and is one of the oldest institutes of technology in Central Europe. It is also the oldest non-military technical universi ...

Prague University of Economics and Business The Prague University of Economics and Business (PUEB) (originally: ''the University of Economics, Prague''; '', VŠE'') is an economics and business-oriented public university located in Prague, Czech Republic. It is the largest university in ...

University of South Bohemia in České Budějovice University of South Bohemia in České Budějovice (, , JU or JČU) is a public university located in the city of České Budějovice (with branch campuses in Tábor, Vodňany, Nové Hrady) in the Czech Republic. Established in 1991, it has mo ...

Academy of Performing Arts in Prague The Academy of Performing Arts in Prague (, AMU) is a university in the centre of Prague, Czech Republic, specialising in the study of music, dance, drama, film, television and multi-media. It is the largest art school in the Czech Republic, wit ...

). Since 2000 he has been a member of the Board of Governors and since 2018 he has been the

Vice-Chairman The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the gro ...

of the

Board of Governors A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations ...

of The English College in Prague.

Studying abroad

Zdeněk Tůma completed several study stays at foreign universities in the first half of the 1990s: * United Kingdom (

London School of Economics The London School of Economics and Political Science (LSE), established in 1895, is a public research university in London, England, and a member institution of the University of London. The school specialises in the social sciences. Founded ...

University of Cambridge The University of Cambridge is a Public university, public collegiate university, collegiate research university in Cambridge, England. Founded in 1209, the University of Cambridge is the List of oldest universities in continuous operation, wo ...

); * Netherlands ( Tinbergen Institute in Amsterdam); * United States (

George Mason University George Mason University (GMU) is a Public university, public research university in Fairfax County, Virginia, United States. Located in Northern Virginia near Washington, D.C., the university is named in honor of George Mason, a Founding Father ...

Washington, DC Washington, D.C., formally the District of Columbia and commonly known as Washington or D.C., is the capital city and Federal district of the United States, federal district of the United States. The city is on the Potomac River, across from ...

1990s

From 1993 to 1995, he worked as an advisor to the Minister of Industry and Trade Vladimír Dlouhý. In 1995, Zdeněk Tůma became the

chief economist Chief economist is a single-position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of respons ...

of Patria Finance a.s. and worked there until 1998. From 1 June 1998 he served as Executive Director 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 ...

, until he joined the

in early 1999.

At the CNB (1999–2010)

On 13 February 1999, President

Václav Havel Václav Havel (; 5 October 193618 December 2011) was a Czech statesman, author, poet, playwright, and dissident. Havel served as the last List of presidents of Czechoslovakia, president of Czechoslovakia from 1989 until 1992, prior to the dissol ...

appointed him Vice Governor of the Czech National Bank, and then on 1 December 2000 as its Governor. He was confirmed in this position by President

Václav Klaus Václav Klaus (; born 19 June 1941) is a Czech economist and politician who served as the second president of the Czech Republic from 2003 to 2013. From July 1992 until the dissolution of Czechoslovakia in January 1993, he served as the second ...

for another six-year term on 11 February 2005. Along with the other members of the Bank Board, Tůma had a wide range of responsibilities as Governor of the CNB, including monetary policy, financial market supervision, foreign exchange reserve management, the payment system and currency processing. As governor, he represented the Czech Republic at 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 the

Bank for International Settlements The Bank for International Settlements (BIS) is an international financial institution which is owned by member central banks. Its primary goal is to foster international monetary and financial cooperation while serving as a bank for central bank ...

(BIS) from 2000 to 2010. From 1 May 2004, when the

Czech Republic The Czech Republic, also known as Czechia, and historically known as Bohemia, is a landlocked country in Central Europe. The country is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the south ...

joined the

European Union The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The u ...

, he was also a member of the General Council of the

European System of Central Banks The European System of Central Banks (ESCB) is an institution that comprises the European Central Bank (ECB) and the national central banks (NCBs) of all 27 member states of the European Union (EU). Its objective is to ensure price stability ...

. He is a member of the Czech Economic Society and served as its President from 1999 to 2001. Tůma announced on 15 April 2010 that he would resign as Governor of the CNB as of 30 June 2010. He submitted his resignation to President

on 18 June 2010. Miroslav Singer was appointed as his replacement.

In politics

In the 2010 Prague municipal election, Tůma led

TOP 09 TOP 09 (, ) is a liberal-conservative list of political parties in the Czech Republic, political party in the Czech Republic, led by Markéta Adamová, Markéta Pekarová Adamová. 14 of its members sit in the Chamber of Deputies of the Czech Rep ...

's candidate list as the party's mayoral candidate. From 2011 to 2012, he was chair of the Finance Committee of Prague City Council. On 15 October 2014, he resigned from TOP 09 due to disputes within the party's Prague organization, and switched his support to the Mayor of Prague, Tomáš Hudeček.

KPMG and ČSOB

He returned to the

in 2011, when he joined the audit and advisory firm

Czech Republic as Partner in charge of services for the financial sector. His responsibilities also included advising on sports, lotteries and gaming. He left KPMG in 2019, and from 16 October that year he took up the position of chair of the Supervisory Board of ČSOB a.s., where he succeeded Pavel Kavánek.

Other activities

* From 2011 to 2019, he was Chairman of the Board of the

CERGE-EI The Center for Economic Research and Graduate Education – Economics Institute, known as CERGE-EI () is an academic institution in Prague, Czech Republic, specialised in economics. The institute is a partnership between the Center for Economic R ...

Foundation, which supports economic education and research. * Since 2016, he has been a member of the Supervisory Board of the Committee of Good Will –

Olga Havlová Olga Havlová (nee Šplíchalová; 11 July 1933 – 27 January 1996) was a Czech dissident, activist, and the first wife of Václav Havel, the last President of Czechoslovakia and first President of the Czech Republic. Havlová, the inaugural F ...

Foundation. * From 2012 to 2013, he served as a member of the board of directors of the international non-profit organization

Aspen Institute The Aspen Institute is an international nonprofit organization founded in 1949 as the Aspen Institute for Humanistic Studies. It is headquartered in Washington, D.C., but also has a campus in Aspen, Colorado, its original home. Its stated miss ...

Central Europe o.p.s. and since 2021, he has served as a member of the supervisory board of this company. * From 2020 to 2023 he was a member of the Presidium of the Czech Banking Association (CBA). * From 2002 to 2016, he served as a member of the board of trustees of the Museum Kampa – Jan and Meda Mládek Foundation. * Since 2020 he has been the managing director of IRQ management s.r.o. and since the same year he has also been the chairman of the supervisory board of IRQ FUNDS

SICAV A SICAV is a collective investment scheme common in Western Europe, especially Luxembourg, Switzerland, Italy, Spain, Belgium, Malta, France, and the Czech Republic. SICAV is an acronym in French for ''société d'investissement à capital varia ...

a.s. * Since 2021, he has been a member of the board of directors of the Global Institute for Macroprudential Modeling, z.ú., which deals with macroeconomic analysis and macro-financial modeling. * In 2022, he was admitted as a Fellow of the College of Central Bankers. * He is a member of the Supervisory Board of The

Bakala Foundation The Bakala Foundation is a family foundation established by Zdeněk Bakala and Michaela Bakala. It was founded in the Czech Republic in 2007 originally as Zdeněk Bakala Foundation (in Czech "''Nadace Zdeňka Bakaly"'') and renamed The Bakala Foun ...

, which implements programs and projects aimed at supporting the development of young talents (investigative journalists, independent journalists, aspiring architects, those interested in studying abroad). * From 2022 to 2023, he was an economic advisor to the

President President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university *President (government title) President may also refer to: Arts and entertainment Film and television *'' Præsident ...

Petr Pavel Petr Pavel (; born 1 November 1961) is a Czech politician and retired army general, currently serving as the president of the Czech Republic since March 2023. Prior to this, he held the position of Chairman of the NATO Military Committee from 2 ...

during his election campaign. * He is a member of the Supervisory Board of K&H Bank in Hungary.

References

External links

List of works in the Complete Catalogue of the Czech Republic, whose author or subject is Zdeněk Tůma
in the Database of the National Library of the Czech Republic
Zdeněk Tůma in ''Otázky Václava Moravce''
talk show of the

Czech Television Czech Television ( ; abbreviation: ČT) is a public television broadcaster in the Czech Republic, broadcasting six channels. Established after breakup of Czechoslovakia in 1992, it is the successor to Czechoslovak Television founded in 1953. H ...

Interview at Roklen 24
{{DEFAULTSORT:Tuma, Zdenek 1960 births Living people People from České Budějovice Prague University of Economics and Business alumni Czechoslovak economists 20th-century Czech economists 21st-century Czech economists Governors of the Czech National Bank TOP 09 politicians