Central Bank of Iceland
Gunnar Ormslev Asgeirsson has a diverse work experience spanning various roles and industries. Gunnar is currently the Director of Data and Transformation at the Central Bank of Iceland, a position they have held since November 2023. Prior to this, Gunnar worked as a Specialist in the General Secretariat of the Central Bank of Iceland.
Before joining the Central Bank of Iceland, Gunnar worked at Zürcher Kantonalbank as a Senior Business Engineer in the Business Technology Trading, Sales & Capital Markets department. Gunnar also served as a Manager in the Financial Services Transformation team at KPMG Switzerland.
Gunnar began their career as a Management Consultant in Finance and Risk at Accenture. Gunnar then moved on to UBS, where they held roles in Group Treasury - Funding and FX CVA Trading. At UBS, they conducted analyses, prepared funding plans, provided market updates, and developed risk management tools.
Gunnar also has experience working in regulatory organizations. Gunnar worked as a Specialist in Credit Markets at the Icelandic Financial Supervisory Authority, where they conducted various analyses and contributed to working groups on the collapse of the Icelandic banking sector. Gunnar held similar roles at the Icelandic Financial Supervisory Authority in different years.
Additionally, Gunnar briefly worked as a part-time teacher at Menntaskólinn í Reykjavík and interned in the Financial Stability Department at the Central Bank of Iceland.
Gunnar Ormslev Asgeirsson holds a Master of Science (M.Sc.) in Economics from Stockholm University and a Bachelor of Science (B.Sc.) in Economics from Háskóli Íslands.
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Central Bank of Iceland
The Central Bank of Iceland is an independent institution, owned by the Icelandic state. The principal objective of the Central Bank is to promote price stability. The Bank shall also promote financial stability. The Central Bank shall promote the implementation of the Government’s economic policy as long as it does not consider this inconsistent with its main objective of price stability. In addition, the Central Bank undertakes standard central banking tasks, such as maintaining external reserves and promoting an efficient and safe financial system, including payment systems domestically and with foreign countries. It is also responsible for the issue of notes and coin, exchange rate matters and other duties, as specified in the Central Bank Act. The Central Bank of Iceland shall accept deposits from commercial banks, savings banks and other deposit institutions. The Central Bank may also accept deposits from other credit institutions. The Central Bank trades in foreign currency, acts as an intermediary in foreign exchange transactions, and conducts other foreign transactions. The Prime Minister appoints the Governor and Deputy Governor of the Central Bank for a five-year term. Decisions on applying the Central Bank's monetary policy control mechanisms shall be taken by the Monetary Policy Committee. In other respects, the Bank's direction shall be in the hands of the Governor. The Central Bank is ultimately under the administration of the Prime Minister and a Supervisory Board. Parliament elects seven members to the Supervisory Board after each parliamentary election. The Central Bank of Iceland was established by an act of Parliament in 1961, although the history of central banking in Iceland is much longer. The current Central Bank Act is no. 36/2001, cf. amendments.