Zdeněk Tůma Explained

Zdeněk Tůma
Office:Governor of the Czech National Bank
Term Start:1 December 2000
Term End:30 June 2010
Predecessor:Josef Tošovský
Successor:Miroslav Singer
Office1:Vice-Governor of the Czech National Bank
Term Start1:13 February 1999
Term End1:30 November 2000
Office2:Member of the bank board of the Czech National Bank (CNB)
Term Start2:13 February 1999
Term End2:30 June 2010
Office3:Representative of City of Prague
Term Start3:16 October 2010
Term End3:16 October 2014
Office4:Partner responsible for financial sector services at KPMG Czech Republic
Term Start4:2011
Term End4:2019
Office5:Chairman of the Supervisory Board of ČSOB, a.s.
Term Start5:2019
Predecessor5:Pavel Kavánek
Birth Date:19 October 1960
Birth Place:České Budějovice, Czechoslovakia
Nationality:Czech
Alma Mater:
Signature:Zdeněk_Tůma_-_podpis_2009.jpg

Zdeněk Tůma (born 19 October 1960) is a Czech economist. From 2000 to 2010, he was Governor of the Czech National Bank (CNB). From 2011 to 2019, he worked in the private sector at the audit and consulting firm KPMG Czech Republic. Since 2019, he has been the chair of the supervisory board of the ČSOB Group.[1]

Biography

Studies and academia

Zdeněk Tůma was born on 19 October 1960 in České Budějovice, Czechoslovakia.[1] After graduating from the Business Academy in České Budějovice,[2] he studied at the Faculty of Trade at the University of Economics in Prague from 1979 to 1983,[3] [4] 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 as a researcher,[5] [1] where he completed postgraduate studies in economics from 1987 to 1992. After completing his postgraduate studies,[2] he moved to the Institute of Economic Studies at the Faculty of Social Sciences of Charles University,[3] [6] where he became head of the Department of Macroeconomics.[7] He was then appointed associate professor there in 1995.[2] [7] [1]

He continues to lecture at Charles University 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, Prague University of Economics and Business, University of South Bohemia in České Budějovice, Academy of Performing Arts in Prague). Since 2000 he has been a member of the Board of Governors and since 2018 he has been the Vice-Chairman of the Board of Governors of The English College in Prague.[7] [1] [8]

Studying abroad

Zdeněk Tůma completed several study stays at foreign universities in the first half of the 1990s:[3] [2]

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 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, until he joined the Czech National Bank in early 1999.[1] [7] [3]

At the CNB (1999–2010)

On 13 February 1999, President Václav Havel 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 for another six-year term on 11 February 2005.[3] [4] [1] 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.[1]

As governor, he represented the Czech Republic at the International Monetary Fund and the Bank for International Settlements (BIS) from 2000 to 2010. From 1 May 2004, when the Czech Republic joined the European Union, he was also a member of the General Council of the European System of Central Banks. He is a member of the Czech Economic Society and served as its President from 1999 to 2001.[1] [4]

Tůma announced on 15 April 2010 that he would resign as Governor of the CNB as of 30 June 2010.[9] [1] He submitted his resignation to President Václav Klaus on 18 June 2010.[4] Miroslav Singer was appointed as his replacement.[10]

In politics

In the 2010 Prague municipal election, Tůma led TOP 09's candidate list as the party's mayoral candidate.[11] [12] From 2011 to 2012, he was chair of the Finance Committee of Prague City Council.[13] 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.[12] [14]

KPMG and ČSOB

He returned to the private sector in 2011,[1] when he joined the audit and advisory firm KPMG Czech Republic as Partner in charge of services for the financial sector.[12] [7] His responsibilities also included advising on sports, lotteries and gaming.[2] 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.[8] [7]

Other activities

See also

External links

Notes and References

  1. Web site: Bývalý guvernér ČNB Zdeněk Tůma nahradí Pavla Kavánka ve funkci předsedy dozorčí rady skupiny ČSOB. Former CNB Governor Zdeněk Tůma to replace Pavel Kavánek as Chairman of the Supervisory Board of the ČSOB Group. 2019-06-24. ČSOB. cs. 2022-04-04.
  2. Web site: Zdeněk Tůma; Partner 2010-2019; KPMG Česká republika. Zdeněk Tůma; Partner 2010-2019; KPMG Czech Republic. KPMG. cs. 2022-04-04.
  3. Web site: Zdeněk Tůma (Životopis). Finančníci.cz. cs. 2022-04-04.
  4. Web site: Zdeněk Tůma (Partner v poradenské společnosti KPMG). Zdeněk Tůma (Partner at KPMG). Roklen 24. cs. 2022-04-04.
  5. Web site: Plesl. Jaroslav. PROFIL: Tůma měl vždy blízko k pravici. A vždy byl blízko Schwarzenberga. PROFILE: Tůma has always been close to the right. And he was always close to Schwarzenberg. 2010-07-17. Ihned.cz. cs. 2022-04-03.
  6. Web site: doc. Ing. Zdeněk Tůma CSc.. Institute of Economic Studies; Faculty of Social Sciences; Charles University. Institut ekonomických studií; Fakulta sociálních věd; Univerizta Karlova. cs. 2022-04-03.
  7. Web site: Dozorčí radu ČSOB povede bývalý guvernér ČNB Tůma. ČSOB supervisory board to be headed by former CNB governor Tůma. 2019-06-24. Czech News Agency. E15.cz. cs. 2022-04-04.
  8. Web site: Zdeněk Tůma: vztahy k různým subjektům. Zdeněk Tůma: relations to various entities. Podnikatel.cz. cs. 2022-04-03.
  9. Web site: Votýpková. Dana. Vincourek. Lukáš. Zdeněk Tůma je poslední den guvernérem České národní banky. Experti jeho přínos oceňují. Zdeněk Tůma's last day as Governor of the Czech National Bank. Experts praise his contribution.. 2010-06-30. Czech Radio. cs. 2022-04-04.
  10. Web site: Nový guvernér: Miroslav Singer nahradil Zdeňka Tůmu v čele ČNB. New governor: Miroslav Singer replaces Zdeněk Tůma as CNB head. 2010-06-19. iDNES.cz. cs. 2010-06-20.
  11. Web site: Nakonec jsem Karlovi kývnul, přiznal Tůma. Bude pražským lídrem TOP 09. In the end, I gave the nod to Karel, admits Tůma. He will be the Prague leader of TOP 09. 2010-07-14 . iDNES.cz. cs. 2010-07-14.
  12. Web site: Wolfová . Pavlína. Exguvernér ČNB, dnes partner v KPMG Zdeněk Tůma v klubu. 2017-10-23. Vision Business Club. cs. 2022-04-04.
  13. Web site: Zastupitelstvo hlavního města Prahy. Prague City Council . City of Prague. cs. 2023-10-04.
  14. Web site: Pražští rivalové Hudeček a Vávra odešli z TOP 09, přidal se i Tůma. Prague rivals Hudeček and Vávra left TOP 09, Tůma joined.. 2014-10-15. iDNES.cz. cs. 2014-10-15.
  15. Web site: Zdeněk Tůma Joins Nadace CERGE-EI Board 25 January, 2011. Zdeněk Tůma, former Governor of the Czech National Bank, has joined the Nadace CERGE-EI Board as its Chairman. 2011-01-25. Cerge II cz. 2022-04-03.
  16. Web site: Nadace CERGE - EI aktuálně - Změny a události ve společnosti (27.04.2019 – Vymazána správní rada Zdeněk Tůma). CERGE-EI Foundation news - Changes and events in the company. 2022-04-03. Rejstřík firem. cs. 2022-04-03.
  17. Web site: Who We Are. The Aspen Institute Central Europe. 2022-04-04.
  18. Web site: IRQ management s.r.o., Praha; IČO 09368043. Czech Trade Register of Companies. Rejstřík firem. cs. 2022-04-04.
  19. Web site: IRQ FUNDS SICAV a.s., Praha; IČO 09610863. Kurzy.cz. Rejstřík firem. cs. 2022-04-04.
  20. Web site: Global Institute for Macroprudential Modeling, z.ú., Brno; IČO 13981293. Kurzy.cz. Rejstřík firem. cs. 2022-04-04.
  21. Web site: College of Central Bankers. 2022: Zdeněk Tůma, Former Governor of the Czech National Bank. Global Independence Center . 2023-08-28.
  22. Web site: O nás (Dozorčí rada: Daniel Rosický; Zdeněk Tůma). About us (Supervisory Board: Daniel Rosický; Zdeněk Tůma). Bakala Foundation. cs. 2023-08-28.
  23. Web site: Lebeda, Zajíček či Princová. Kdo jsou klíčoví lidé nastupujícího prezidenta. Lebeda, Zajíček or Princová. Who are the key people of the incoming president. 2023-03-08. e15.cz. cs. 2023-04-01.
  24. Web site: The Bank's management. K&H Bank (Hungary). 2023-10-04.

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