27 December 2019

Gunnar Jakobsson appointed Deputy Governor for Financial Stability

Gunnar JakobssonPrime Minister Katrín Jakobsdóttir has appointed Gunnar Jakobsson to the position of Deputy Governor for Financial Stability. Gunnar Jakobsson has a degree in Law and an MBA from Yale University. In recent years he has held executive positions with Goldman Sachs, first in New York, and more recently as Managing Director of Liquidity and Personal Data Protection with Goldman Sachs International in London.

The new Act on the Central Bank of Iceland, passed in June 2019, stipulates that three Deputy Governors be appointed for the Central Bank, each for a term of five years. One Deputy Governor oversees matters relating to monetary policy; the second, matters relating to financial stability; and the third, matters relating to financial supervision.

At the turn of the year, Deputy Governor Rannveig Sigurdardóttir will take the position of Deputy Governor for Monetary Policy, and Unnur Gunnarsdóttir, Director-General of the Financial Supervisory Authority, will take the position of Deputy Governor for Financial Supervision.

Gunnar Jakobsson will not begin work at the Central Bank until 1 March 2020 because of prior commitments. Therefore, the Prime Minister, in consultation with the Minister of Finance and Economic Affairs, has tasked Central Bank Governor Ásgeir Jónsson to carry out the duties of Deputy Governor for Financial Stability concurrent with his position as Governor until 1 March 2020.
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