2024 agenda

Aleš Michl was born in Prague on 18 October 1977. He obtained a Ph.D. in finance at the University of Economics in Prague in 2020. He graduated from the University of Economics with an MSc (Ing.) degree in 2002. He completed a training programme on game theory and the psychology of decision-making at the Summer School at the London School of Economics and Political Science in 2005 and took an investment portfolio management course at the Wharton School in Philadelphia in 2009. He started his professional career as an economic journalist during his studies and later as an economic adviser to Deputy Prime Minister for the Economy Martin Jahn. He worked as an economic and investment strategist at Raiffeisenbank in 2006–2015. In 2014–2018, he was an external economic adviser to the Czech Ministry of Finance and later the Czech Prime Minister Andrej Babiš, specialising in macroeconomic analysis and government debt stabilisation. He founded Michl Fund Management s.r.o. in 2016, which subsequently co-founded Robot Asset Management SICAV a.s., which carries on the activities of an investment fund for qualified investors with the Quant sub-fund. He terminated these activities on the date of commencement of his position in the CNB Board. Mr Michl is the author of numerous columns and articles in newspapers, journals and magazines. He also wrote the books MICHLiq - průvodce eckonomií a investicemi (MICHLiq – a guide to economics and investment), Jestřábi a holubice (Hawks and Doves) and Reset ekonomiky (How to Reset the Economy). He is not and has never been a member of a political party. Aleš Michl was appointed a member of the CNB Bank Board on 1 December 2018. The President appointed him CNB Governor for a term of six years with effect from 1 July 2022.

Ms. Johnson-Calari created and led the World Bank's Reserves Advisory and Management Program (RAMP), which is one of the world's leading providers of consulting and capacity building services to public sector asset managers. In this capacity, she worked globally with central banks, national pension funds and sovereign wealth funds in strengthening governance and building investment management capacity. She contributed to setting global standards of best practice for the management of sovereign assets and liabilities working with the IMF on the Reserves Management Guidelines and the ISWF's "Santiago Principles". Ms. Johnson-Calari has contributed to several books on the topic of portfolio and risk management and was a contributing author and editor of Sovereign Wealth Management, London: Central Banking Publications, 2008. She is a well-known expert on issues relating to central bank reserves management and portfolio management and has spoken widely at international conferences in both official and private sector fora.

She began her career with the Board of Governors of the Federal Reserve System in banking supervision with a focus on commercial bank asset/liability and risk management issues. She has earned advanced degrees from the Harvard Business School (GMP, 2004) the Johns Hopkins School of Advanced International Studies (SAIS) (MA, 1981) and is a Chartered Financial Analyst (CFA). She currently serves as a consultant to several international financial institutions.

Ebru has specialized in fixed income markets for the region since 2008, responsible for localizing Bloomberg’s products, multi-class asset product development and business strategy including Islamic Finance. Prior to this, she managed Bloomberg Sales for Russia, CIS (the new name for former Soviet republics), Eastern Europe, the Balkans and Turkey. Ebru started her career in Solomon Brothers New York, as a Debt Capital Markets analyst focusing on sovereign debt issuance and asset liability advisory. 

Ebru has authored a number of articles – topics include the introduction of VAT in the GCC and the Pakistan economy. She has an MSc in finance from Lancaster University in the United Kingdom. 

Ebru also works closely with exchanges, Central Banks and Ministry of Finances on formation of liquidity platforms in local markets in the fixed income space.

Ms. Johnson-Calari created and led the World Bank's Reserves Advisory and Management Program (RAMP), which is one of the world's leading providers of consulting and capacity building services to public sector asset managers. In this capacity, she worked globally with central banks, national pension funds and sovereign wealth funds in strengthening governance and building investment management capacity. She contributed to setting global standards of best practice for the management of sovereign assets and liabilities working with the IMF on the Reserves Management Guidelines and the ISWF's "Santiago Principles". Ms. Johnson-Calari has contributed to several books on the topic of portfolio and risk management and was a contributing author and editor of Sovereign Wealth Management, London: Central Banking Publications, 2008. She is a well-known expert on issues relating to central bank reserves management and portfolio management and has spoken widely at international conferences in both official and private sector fora.

She began her career with the Board of Governors of the Federal Reserve System in banking supervision with a focus on commercial bank asset/liability and risk management issues. She has earned advanced degrees from the Harvard Business School (GMP, 2004) the Johns Hopkins School of Advanced International Studies (SAIS) (MA, 1981) and is a Chartered Financial Analyst (CFA). She currently serves as a consultant to several international financial institutions.

Clair Mills is the Director of Strategic Change and Operations for the Markets, Banking and Payments Deputy Governorship, at the Bank of England, and is responsible for middle and back office operations, which includes delivery of the Markets, Banking and Payments Operations and Data Strategy, Budget, Operational Resilience and Risk and the Investment and Change Portfolio. Clair has over 20 years’ extensive financial services experience operating at board level and leading successful strategic and transformational change in a number of complex organisations, having started her career in the Building Society and Retail Banking sector, before moving into Operational and Technological Change Management and Consultancy. Clair joined the Financial Services Authority in 2011 to lead the Internal Twin Peaks programme transition to the PRA and FCA regulatory model, moving across to the Bank of England with the PRA becoming the Chief Operating Officer in the PRA in 2018. In her current role, as well as providing the leadership, management and vision necessary to support the business and to ensure that the proper operational controls, administrative and reporting procedures, and people systems are in place, Clair is also responsible for leading the area’s extensive project portfolio, helping translate business and policy vision into deliverable change programmes, this includes giving key note speeches both in the UK and internationally on topics such as Financial and Regulatory Technology (FinTech/RegTech) and how Central Banks and regulators can take advantage of the advances in technology in the work we do.

Elizabeth McCaul is a Member of the Supervisory Board of the European Central Bank. Her areas of responsibility include the Supervisory Review and Evaluation Process (SREP), internal governance and risk management, the digital agenda, the training program of the SSM as well as diversity and inclusion. She focuses on prudential implications in dynamic areas such as the oversight of FinTech and supervision of crypto-assets, cyber and IT risk and the digital transformation of the banking sector. She joined the NY State Banking Department as First Deputy in 1995 and served as NY Superintendent of Banks from 1997-2003. She was elected Chair of the Conference of State Bank Supervisors, served as a Member of the Federal Financial Institutions Examinations Council, on the Joint Forum for Financial Conglomerates and as an Instructor for Financial Stability Institute at the BIS. 

Before joining the ECB, she worked for Promontory Financial Group where she founded the New York office and served as the Partner-in-Charge, as CEO and Chair of Europe, and Global Head of Strategy. 

For the first decade of her career, she was an investment banker at Goldman Sachs.

Peter Faykiss is the Director of Digitalization Directorate at the Magyar Nemzeti Bank (the central bank of Hungary), where he is responsible for FinTech, digital finance and digital currencies/CBDC topics. Before entering the digital finance area, he gained experience in financial stability, financial regulation and macroprudential policy. As the Head of Division for Banking Regulations of Ministry for National Economy he was responsible for the domestic implementation of the European regulatory package CRD IV in 2013. In 2014 he was appointed as the Head of Macroprudential Policy Department of the MNB, from 2017 he served as the Director of Macroprudential Directorate. Mr. Faykiss graduated in 2009 from Corvinus University of Budapest and he holds a PhD in Finance from Corvinus University of Budapest.”

Aleš Michl was born in Prague on 18 October 1977. He obtained a Ph.D. in finance at the University of Economics in Prague in 2020. He graduated from the University of Economics with an MSc (Ing.) degree in 2002. He completed a training programme on game theory and the psychology of decision-making at the Summer School at the London School of Economics and Political Science in 2005 and took an investment portfolio management course at the Wharton School in Philadelphia in 2009. He started his professional career as an economic journalist during his studies and later as an economic adviser to Deputy Prime Minister for the Economy Martin Jahn. He worked as an economic and investment strategist at Raiffeisenbank in 2006–2015. In 2014–2018, he was an external economic adviser to the Czech Ministry of Finance and later the Czech Prime Minister Andrej Babiš, specialising in macroeconomic analysis and government debt stabilisation. He founded Michl Fund Management s.r.o. in 2016, which subsequently co-founded Robot Asset Management SICAV a.s., which carries on the activities of an investment fund for qualified investors with the Quant sub-fund. He terminated these activities on the date of commencement of his position in the CNB Board. Mr Michl is the author of numerous columns and articles in newspapers, journals and magazines. He also wrote the books MICHLiq - průvodce eckonomií a investicemi (MICHLiq – a guide to economics and investment), Jestřábi a holubice (Hawks and Doves) and Reset ekonomiky (How to Reset the Economy). He is not and has never been a member of a political party. Aleš Michl was appointed a member of the CNB Bank Board on 1 December 2018. The President appointed him CNB Governor for a term of six years with effect from 1 July 2022.

Clair Mills is the Director of Strategic Change and Operations for the Markets, Banking and Payments Deputy Governorship, at the Bank of England, and is responsible for middle and back office operations, which includes delivery of the Markets, Banking and Payments Operations and Data Strategy, Budget, Operational Resilience and Risk and the Investment and Change Portfolio. Clair has over 20 years’ extensive financial services experience operating at board level and leading successful strategic and transformational change in a number of complex organisations, having started her career in the Building Society and Retail Banking sector, before moving into Operational and Technological Change Management and Consultancy. Clair joined the Financial Services Authority in 2011 to lead the Internal Twin Peaks programme transition to the PRA and FCA regulatory model, moving across to the Bank of England with the PRA becoming the Chief Operating Officer in the PRA in 2018. In her current role, as well as providing the leadership, management and vision necessary to support the business and to ensure that the proper operational controls, administrative and reporting procedures, and people systems are in place, Clair is also responsible for leading the area’s extensive project portfolio, helping translate business and policy vision into deliverable change programmes, this includes giving key note speeches both in the UK and internationally on topics such as Financial and Regulatory Technology (FinTech/RegTech) and how Central Banks and regulators can take advantage of the advances in technology in the work we do.

Tomas is currently the team leader of the Financial Innovation Team at the Czech National Bank. The team is in charge of the digital finance agenda including crypto-assets and DLT, digital operational resilience, machine learning, open finance, financial innovation facilitation, SupTech, digital identity, or any other exciting technology that might have an impact on financial markets. He is a trained lawyer who has been in his programming journey into Python, JavaScript and C for a quite some time.

With over a decade of experience in technology risk supervision, Ms. Jovelyn M. Hao (Jovie) brings in key insights and valuable inputs as she leads the Fintech Innovation and Policy Research Group (FIPRG) under the Technology Risk and Innovation Supervision Department (TRISD). FIPRG serves as the primary contact for fintech players in the Philippines, particularly those with underlying BSP-regulated activities. Ms. Hao is likewise heavily involved in various policy initiatives of the BSP such as the Amendments to the Regulations on Outsourcing, as well as ongoing initiatives on Open Finance, Regulatory Sandbox, and AI Governance. Prior to her current role, she was also a pioneer member of the Cybersecurity Supervision and Oversight Group (CSOG).

Danny Russell is the Head of Digital Currency Technology at the Bank of England. Previously he was Principal Architect for the Digital Pound leading the technology workstream in the digital pound project, and in particular the Technology Working Paper published in February 2023, and Project Rosalind, released in June 2023 which was a joint initiative with the BIS Innovation Hub to explore API technology for CBDC payments. Before joining the Bank, he was Director of Product for Crypto, Digital Currencies and Blockchain globally at FIS. He has previously been a member of the W3C payment request working group and PCI working group for the CPOC (Contactless payments on COTS) standard

Peter Faykiss is the Director of Digitalization Directorate at the Magyar Nemzeti Bank (the central bank of Hungary), where he is responsible for FinTech, digital finance and digital currencies/CBDC topics. Before entering the digital finance area, he gained experience in financial stability, financial regulation and macroprudential policy. As the Head of Division for Banking Regulations of Ministry for National Economy he was responsible for the domestic implementation of the European regulatory package CRD IV in 2013. In 2014 he was appointed as the Head of Macroprudential Policy Department of the MNB, from 2017 he served as the Director of Macroprudential Directorate. Mr. Faykiss graduated in 2009 from Corvinus University of Budapest and he holds a PhD in Finance from Corvinus University of Budapest.”

Jim Cunha was an Executive Vice President and former interim COO of the Federal Reserve Bank of Boston.  His entire career has focused on the interrelationship of payments, security, technology and innovation.

In addition to Cunha’s interim CAO role, for 2022 he was responsible for financial management activities across all Federal Reserve Banks.    

Most recently, Cunha spearheaded the Boston Fed’s efforts to study distributed ledger technology, or blockchain, to determine potential benefits and risks in financial services for internal and external uses. He was also responsible for the Bank’s technology research related to central bank digital currencies (CBDC), including a joint research effort with MIT’s Digital Currency Initiative called “Project Hamilton”. 

Over the last couple of decades be built and ran a number of payment related systems for the U.S. Treasury, was responsible for ACH, Check and Cash operations and run the technology and computer operations groups.   

Cunha has worked at the Boston Fed since 1984. Prior to that, he worked at Fleet National Bank. He holds a bachelor’s in accounting and philosophy from Northeastern University and a bachelor’s in computer science from Rhode Island College.

As the chief payments executive for Federal Reserve Financial Services, Mark Gould is responsible for the Federal Reserve System’s full portfolio of retail payments, wholesale payments, instant payments, and cash services provided to financial institutions across the United States. Mark is based in San Francisco with diverse teams in each of the twelve Federal Reserve Banks, and he is a frequent speaker at industry events and conferences around the world. 

Mark has provided executive leadership to a range of Federal Reserve Bank and System functions at the intersection of payments, technology, strategy, and operations throughout his career. On the way to his current role, he previously served as CIO, COO, and interim CEO for the San Francisco Fed, and led the Fed’s national cash business. 

Mark holds a bachelor’s degree in economics from Pacific Lutheran University and a master of science degree in applied economics from Seattle University.

As the chief FedNow executive, Nick has responsibility for running the FedNow Service for the Federal Reserve. This includes leading the technology, product, and program management functions supporting the FedNow Service; expanding the FedNow Service’s network and volume; delivering on the service roadmap; and coordinating with System functions to support the FedNow infrastructure. 

Prior to his current role, Nick served as senior vice president and FedNow business executive for the FedNow Service at the Federal Reserve Bank of Boston. In this role, he led FedNow’s product management, industry readiness, business integration, business operations teams. 

Nick began his career at the Fed in 2003 at the Federal Reserve Bank of New York before transitioning to the Boston Bank in 2021. Over the course of his career, he has held several executive and senior level roles, including serving as Head of Payments Product Management where he had business responsibility for Fedwire Funds and National Settlement Services on behalf of the 12 Federal Reserve Banks. He also has served as the Information Security Officer of the New York Bank and the managing officer of the Federal Reserve’s National Incident Response Team. 

Nick earned a bachelor’s degree from Rutgers University and an MBA degree from New York University, Stern School of Business

Dan Anthony is a technology leader with delivery experience around the world. He is CIO for FedNow, the new Federal Instant Payments rail which launched in July 2023. Graduating from Georgia Tech with a master’s degree in Cybersecurity and the University of Auckland in New Zealand with degrees in Arts and Information Systems, he has more than ten years of experience in Technology consulting, and has delivered large scale technology programs in NZ, Australia, and the US, in a variety of industries, including Government, Manufacturing, High Tech, and Financial Services. 

Dan has balanced his career focus between engineering and operations, leading global enterprise Technical Operations organizations at Google for ten years, supporting high scale mission-critical systems, and driving new product and product innovations. He has also built out global IT capability in the high-growth startup world, and run large scale product engineering teams.

Jim Cunha was an Executive Vice President and former interim COO of the Federal Reserve Bank of Boston.  His entire career has focused on the interrelationship of payments, security, technology and innovation.

In addition to Cunha’s interim CAO role, for 2022 he was responsible for financial management activities across all Federal Reserve Banks.    

Most recently, Cunha spearheaded the Boston Fed’s efforts to study distributed ledger technology, or blockchain, to determine potential benefits and risks in financial services for internal and external uses. He was also responsible for the Bank’s technology research related to central bank digital currencies (CBDC), including a joint research effort with MIT’s Digital Currency Initiative called “Project Hamilton”. 

Over the last couple of decades be built and ran a number of payment related systems for the U.S. Treasury, was responsible for ACH, Check and Cash operations and run the technology and computer operations groups.   

Cunha has worked at the Boston Fed since 1984. Prior to that, he worked at Fleet National Bank. He holds a bachelor’s in accounting and philosophy from Northeastern University and a bachelor’s in computer science from Rhode Island College.

Adeline Bachellerie is Deputy Director of Innovation and Financial Market Infrastructures in the Directorate General of Financial Stability and Operations, Banque de France. The Directorate is in charge of running operations on the French part of the Eurosystem Target Services, of Financial Market Infrastructures oversight, of resilience -including cyber resilience-, of the monitoring of developments in crypto-assets and of the exploratory work and experiments on wholesale central bank digital currencies (CBDCs). Adeline previously conducted the wholesale CBDC experimentation program launched by the Banque de France including the tokenisation of finance. PhD, graduated from Paris 1 Pantheon-Sorbonne in Economics, Adeline previously worked as statistician and mostly contributed to the building of financial accounts at the Banque de France and the ECB.

Jim Cunha was an Executive Vice President and former interim COO of the Federal Reserve Bank of Boston.  His entire career has focused on the interrelationship of payments, security, technology and innovation.

In addition to Cunha’s interim CAO role, for 2022 he was responsible for financial management activities across all Federal Reserve Banks.    

Most recently, Cunha spearheaded the Boston Fed’s efforts to study distributed ledger technology, or blockchain, to determine potential benefits and risks in financial services for internal and external uses. He was also responsible for the Bank’s technology research related to central bank digital currencies (CBDC), including a joint research effort with MIT’s Digital Currency Initiative called “Project Hamilton”. 

Over the last couple of decades be built and ran a number of payment related systems for the U.S. Treasury, was responsible for ACH, Check and Cash operations and run the technology and computer operations groups.   

Cunha has worked at the Boston Fed since 1984. Prior to that, he worked at Fleet National Bank. He holds a bachelor’s in accounting and philosophy from Northeastern University and a bachelor’s in computer science from Rhode Island College.

Aleš Michl was born in Prague on 18 October 1977. He obtained a Ph.D. in finance at the University of Economics in Prague in 2020. He graduated from the University of Economics with an MSc (Ing.) degree in 2002. He completed a training programme on game theory and the psychology of decision-making at the Summer School at the London School of Economics and Political Science in 2005 and took an investment portfolio management course at the Wharton School in Philadelphia in 2009. He started his professional career as an economic journalist during his studies and later as an economic adviser to Deputy Prime Minister for the Economy Martin Jahn. He worked as an economic and investment strategist at Raiffeisenbank in 2006–2015. In 2014–2018, he was an external economic adviser to the Czech Ministry of Finance and later the Czech Prime Minister Andrej Babiš, specialising in macroeconomic analysis and government debt stabilisation. He founded Michl Fund Management s.r.o. in 2016, which subsequently co-founded Robot Asset Management SICAV a.s., which carries on the activities of an investment fund for qualified investors with the Quant sub-fund. He terminated these activities on the date of commencement of his position in the CNB Board. Mr Michl is the author of numerous columns and articles in newspapers, journals and magazines. He also wrote the books MICHLiq - průvodce eckonomií a investicemi (MICHLiq – a guide to economics and investment), Jestřábi a holubice (Hawks and Doves) and Reset ekonomiky (How to Reset the Economy). He is not and has never been a member of a political party. Aleš Michl was appointed a member of the CNB Bank Board on 1 December 2018. The President appointed him CNB Governor for a term of six years with effect from 1 July 2022.

Rianne Luijendijk is Team Lead Responsible investing at the Dutch Central Bank. She is responsible for the development and implementation of DNB’s responsible investing approach for the own-account portfolios. She also chairs the sustainable and responsible investment workstream in the Network for Greening the Financial System, in which central banks and supervisors collaborate to advance their efforts to further integrate sustainability considerations in central bank’s portfolio management. Since 2020, the workstream has published a number of reports to assist central banks in their adoption of sustainable and responsible investment practices.

Johanna is the CEO North America for BNP Paribas Asset Management (BNPP AM). She is also the Head of Central Banks and Official Institutions.

As CEO for North America, Johanna is responsible for our strategic leadership and development. She manages the growth of our business, overseeing business development, and maintaining direct oversight of management and effective governance in the region. In her capacity as Head of Central Banks & Official Institutions, Johanna’s responsibilities include managing and growing the official sector business globally, while also ensuring we are meeting our clients’ needs.

Johanna originally joined FFTW, a predecessor of BNPP AM, in 1997. She then left the firm in 2000, rejoining in 2004 to focus on the official institutions business. Since 2013, she has been the head of the Central Banks and Official Institutions team, successfully growing our client base and increasing our AUM for this sector. In addition to working for BNPP AM and FFTW, Johanna worked in the Corporate Finance division at UBS for two years, where she was an Associate Director in the Consumer Products Group in New York. She later transferred to the Global Industrial Group in Japan where she lived for a year.

Johanna has over 20 years of experience. She earned an MBA in Finance and International Business from New York University, and a BA in East Asian Studies from Stanford University. She is based in New York.

Enrico Bernardini currently works at the Climate and Sustainability Hub of Banca d'Italia after almost twenty years at Financial Risk Management Directorate, Banca d'Italia. Some recent publications are 'The impact of carbon risk on stock returns: Evidence from the European electric utilities' and 'Mind the gap: Machine Learning, ESG metrics and portfolio construction'. Research interests are in sustainable investments, ESG data and integration into portfolio management, climate risk assessment.

Michiel De Smet is sustainable investment expert in the reserves management team at the National Bank of Belgium. Previously, he launched and led the Ellen MacArthur Foundation’s Finance Initiative and was circular economy expert in the European Union’s Platform on Sustainable Finance, developing the EU Taxonomy. His previous positions include consultant at McKinsey & Company with a private equity focus, policy officer at the European Commission dealing with circular economy innovation, and project manager at the Ellen MacArthur Foundation where he worked on a circular economy for plastics. Michiel holds a PhD and Masters in mathematics (Ghent University, University of Bristol and University of Pisa).

Responsible for transversal sustainability intelligence at the Banco Central do Brasil (BCB), co-chairs the Working Group of Tokenization of ESG assets (part of the Real Digital Project/Drex - Brazilian CBDB), leads the BCB participation for the development of the Brazilian Sustainable Taxonomy. Isabela also leads the Bank relationship with international portfolio investors and with rating agencies for Brazil's sovereign rating assessment. With more than 25 years of experience in strategic asset allocation (SAA), advising the Board on the international reserves’ investment and on enterprise-wide risk management (RM), was responsible for the development and implementation of an Enterprise Risk Management (ERM) model at the BCB and for the Brazilian international reserves’ risk management framework. Compliance and business continuity functions at the Bank were implemented under her leadership. Technical articles on SAA and RM were published in books and journals over time. Isabela holds a BA in Statistics and an MBA in Finance.

Clément Payerols is an environmental economist at Banque de France, where he is in charge of the development of climate and nature scenarios. Clément holds a MSc in Engineering from Ecole Polytechnique and a MSc in Political Economy from Sciences Po Paris and the London School of Economics.

Rianne Luijendijk is Team Lead Responsible investing at the Dutch Central Bank. She is responsible for the development and implementation of DNB’s responsible investing approach for the own-account portfolios. She also chairs the sustainable and responsible investment workstream in the Network for Greening the Financial System, in which central banks and supervisors collaborate to advance their efforts to further integrate sustainability considerations in central bank’s portfolio management. Since 2020, the workstream has published a number of reports to assist central banks in their adoption of sustainable and responsible investment practices.