Dr. Matolcsy György
Governor of the Magyar Nemzeti Bank since 4 March 2013, Mr Matolcsy holds a university degree in economics.
Date of birth: 18 July 1955
Place of birth: Budapest
Marital status: married, father of two adult children
2010– Ministry for National Economy, minister for national economy
2007–2010 Hungarian Economic Development Institute – founder, head
2000–2002 Ministry of Economic Affairs, minister of economic affairs
Author and head of the Széchenyi Plan
1995–2000 /2002–2010 Director of Privatisation Research Institute,
then of its successor organisation, the Institute for Growth
1991–1994 European Bank for Reconstruction and Development (EBRD) – London
member of the Board of Governors of the London based European Bank for Reconstruction and Development (EBRD) for three years, as representative of the government of Hungary,
Director of the bank in 1994
1991 Privatisation Research Institute – managing director
1990 Prime Minister’s Office – political state secretary, personal economic advisor to prime minister József Antall, head of the Economic Policy Secretariat and secretary of the Economic Cabinet
1987 Financial Research Plc. (Pénzügykutató Rt.) – theoretical researcher, advisor in the field of capital markets
1985 Financial Research Institute – scientific researcher
1978–1985 Ministry of Finance, Department of Industry
1981 University PhD
• Dissertation topic: Conversion of Hungarian state-owned companies into holdings, possibilities offered by the new corporate organisation concept
1972–1977: Karl Marx University of Economics
• Degree in Economics awarded by the Faculty of Industry
• Thesis topic: enterprises
1969–1973 Szilágyi Erzsébet Secondary School of Budapest – specialising in biology, Latin, chemistry
Type C intermediate level English language examination
• Lábadozásunk évei [Years of Recovery] (1991)
• Sokk (vagy kevés?) [Shock Therapy, or Too Little?] (1998)
• Élő emlékeink [Our Living Memories] (2003)
• Amerikai birodalom [American Empire] (2004)
• Éllovasból sereghajtó [From Vanguard to Bringing Up the Rear] (2008)
Author of several hundred articles, studies, interviews, publications
Regular contributor to the Heti Válasz journal from the second half of the 2000s
Co-author of the Szent István economic policy plan (2007)
Co-author of the study entitled ‘Fordulat és Reform’ [Transition and Reform] (1987)
Public line and career
End of 1989: contributes to the drawing up of the future government programme upon request of the president of the Hungarian Democratic Forum
1998: Economic advisor of Fidesz, author of the party’s economic programme
From the end of 1998: member of the economic advisory body of prime minister Viktor Orbán
Since 2003: member of FIDESZ Hungarian Civic Union
2003–2007: chairman of the board of trustees of the Foundation for a Civic Hungary Union.
Since 2006: member of the national assembly delegated from Bács-Kiskun County
2006–2010: member of the Economic and Informatics Committee of the National Assembly
2013: Barankovics Commemorative Coin award
Dr. Ádám Balog
Deputy Governor of the Magyar Nemzeti Bank and member of the Monetary Council from 6 March 2013.
Dr Balog is an economist. He graduated at the Budapest University of Economic Sciences and Public Administration, Faculty of Business Administration in 2003. He earned a master’s degree at the Community of European Management Schools International Management in 2005, and went on to obtain a law degree at the Pázmány Péter Catholic University, Faculty of Law and Political Sciences in 2007.
From 2002 he worked at the Financial Controlling area of GE Tungsram Lighting Ltd and at the Tax Department of Pricewaterhouse Coopers Hungary Ltd from 2003 (as Tax Manager from 2008). From the summer of 2010 until his appointment as Deputy Governor of the MNB, he continued his career as Deputy State Secretary at the Ministry for National Economy.
He has been a member of Heller Farkas College since 1999 and a senior member since 2003. He is the author of several publications. He has held courses on taxation at Heller Farkas College since 2007. Dr Balog is holder of the Order of Merit of the Republic of Hungary, Officer’s Cross.
He is married with three children.
Deputy Governor of the Magyar Nemzeti Bank since 27 March 2007, Mr Karvalits holds a university degree in economics.
From 1990 he was head of the Liquidity and Risk Management Department at Magyar Hitelbank and became investment manager at Wallis International afterwards. From 1994 he worked for Magyar Hitelbank as managing director. From 1996 he was head of the Bank Department at the MNB. In 1998 he was promoted to managing director and nominated to the Board of Directors of the Bank. From 2002 he was Deputy CEO of Wallis Rt. and CEO of CIB Bank afterwards until 2005. Until his appointment as Deputy Governor, he was Member of the Board of Wallis Zrt. from 2002 and Graphisoft Nyrt from 2006 and also chairman of the Board of FHB Nyrt. from 2005. He has been lecturer at the University of Economics since 1996 and was member of the Economic Advisory Board of the Prime Minister in 2004-2005.
Magyar Nemzeti Bank (Central Bank of Hungary)
Ms Király was appointed as Deputy Governor of the MNB responsible for financial stability 3rd of July 2007. Prior to her appointment Ms Király was the CEO of the ITCB, a private training and consulting company in the banking sector.
After graduating at the Budapest University of Economics Ms Király was an applied econometrician at the National Planning Office. In 1988 she joined the ITCB. She has been the CEO since 1999, and one of the owners since 2003. Ms. Kiraly took part in the privatization of several Hungarian banks as board member. Ms Király holds a phd degree in economics and she is the honorary professor of the Budapest University of Economics. Her special research fields are monetary policy and financial risk management. She has published on monetary policy and finance.
Executive Director at the Magyar Nemzeti Bank since 5 July 2007.
During the early part of his professional career, he worked at the National Accounts Statistics area of the Central Statistical Office. This was followed by a brief spell as a researcher at the economic research institute KOPINT-DATORG. Between 1990 and 1993, he worked in the United States as an adviser on assignments received from various international institutions. He joined the Bank in 1993, and has served in diverse management positions. He set up and managed for four years the Bank’s Statistics Department. After his appointment as Director in 1998, he became head of the Financial Analysis area, in addition to the Statistics Department. In 2006 and 2007 he was also in charge of the Bank’s Money and Foreign Exchange activities. For eight years after 1998, he contributed to monetary policy decision making as invited member of the Monetary Council.