Már Gudmundsson formally began working as the new director of the Central Bank of Iceland this morning, replacing Norwegian Svein Harald Oeygard, who was hired to the position temporarily after his three predecessors were made step down in February.
The Central Bank of Iceland. Copyright: Icelandic Photo Agency.
Gudmundsson began working in the economic department of the Central Bank of Iceland in 1980 and worked there for seven years, until he was appointed assistant to the minister of finance, mbl.is reports.
In 1991, Gudmundsson was hired as director of the Central Bank’s economic division and later became the bank’s senior economist.
In 2004, Gudmundsson moved to Switzerland to work as assistant managing director of the monetary and economic division of the Bank for International Settlements (BIS) in Basel, a position which he served until being appointed director of the Central Bank of Iceland.
Oeygard will remain at the Central Bank for a few days to help Gudmundsson settle into his new position. In an interview with Morgunbladid, Oeygard said he is planning a short vacation and that he doesn’t know how his future career will develop.
Oyegard described his job at the Central Bank as a good experience and that he is satisfied with increased cooperation with the Financial Supervisory Authority and the ministries.