Central Bank of Iceland
Halldór Pétursson has a diverse work experience spanning over several industries. Halldór began their career as a GIS consultant at Hnit Engineering Company in 1995. Halldór then worked as an Account Manager Enterprise solutions at Opin kerfi hf before transitioning to the role of Senior Engineer at Landsvirkjun. In 1999, they joined Opin kerfi hf again, this time as a VP of sales. Halldór continued in various roles at Opin kerfi hf, including VP of sales and marketing at TM software. In 2006, they founded their own company, Admon ehf, where they served as CEO until 2009. From 2009 to 2012, they worked as the Director of Business Development at the Icelandic Meteorological Office. In 2012, they returned to Admon ehf as CEO. Halldór then moved to Arion banki in 2013, where they worked as a Senior Internal Auditor and also in internal auditing. Their most recent role has been at the Central Bank of Iceland, starting in 2020. Halldór currently holds the position of Head of TIBER-IS Cyber Team, as well as serving as a Senior Risk Analyst.
Halldór Pétursson's education history is as follows:
- From 2014 to 2015, they attended the Institute of Internal Auditors and obtained a Certified Internal Auditor degree in the field of Internal Auditing.
- From 2013 to 2014, they studied at Reykjavik University and received a degree in Verðbréfamiðlun (Financial Investment).
- From 1987 to 1991, they attended Chalmers University of Technology and earned a degree in Construction Management.
- From 1982 to 1987, they studied at Háskóli Íslands and obtained a B.Sc degree in Civil Engineering.
In addition to their degrees, Halldór Pétursson has obtained certifications such as Certified Information Systems Auditor (CISA) from ISACA and Certified Internal Auditor (CIA) from The Institute of Internal Auditors Inc. and The Institute of Internal Auditors.
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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.