Bank of Lithuania
Gediminas Šimkus

Gediminas Šimkus

Chairman of the Board of the Bank of Lithuania
Member of the Governing Council of the European Central Bank

Gediminas Šimkus joined the Bank of Lithuania in 2002, and over the 18 years of his work at this institution consistently furthered his career, gaining experience in banking supervision, financial stability, analysis and forecasting of global and domestic economic developments, statistical compilation and dissemination, monetary policy formation, macro-prudential and economic policy decision-making. Two years spent working at the European Central Bank (ECB) contributed even more to his knowledge and experience. As Member of the Board of the Bank of Lithuania, he oversaw the field of banking and financial stability. As the Chairman of the Board of the Bank of Lithuania, Gediminas Šimkus oversees monetary policy, communication, internal audit, legal and human capital issues, while the tasks in these areas are implemented by respective structural units.

Education

  • 2002 – MSc in Economics, Vilnius University (Lithuania)
  • 2001 – semester of the European Studies Programme at the University of Southern Denmark, invited student after winning a Danish Government Scholarship
  • 2000 – BSc in Economics, Vilnius University (Lithuania)

Professional and academic activities

  • As of 7 April 2021 – Chairman of the Board of the Bank of Lithuania
  • 2020 September–2021 April – Member of the Board of the Bank of Lithuania
  • 2014–2020 – Director of the Economics and Financial Stability Service of the Bank of Lithuania, representative of the Bank of Lithuania at the Advisory Committee of the European Systemic Risk Board and the Financial Stability Committee of the ECB
  • 2014–present – Member of the Board of VĮ Indėlių ir investicijų draudimas
  • 2012–2014 – Director of the Economics and Financial Stability Service of the Bank of Lithuania
  • 2012–2013 – Lecturer on International Finance at the ISM University of Management and Economics
  • 2010–2012 – Financial Stability Expert at the Financial Stability Directorate of the ECB
  • 2005–2010 – Deputy Head of the Financial Stability Division of the Economics Department of the Bank of Lithuania
  • 2003–2005 – Principal Economist at the Off-site Monitoring Division of the Credit Institutions Supervision Department of the Bank of Lithuania
  • 2002–2003 – Economist at the Off-site Monitoring Division of the Credit Institutions Supervision Department of the Bank of Lithuania
  • 2001 – Economist at the Internal Audit Service of Ekovalda, UAB
  • 2000–2001 – Member (Assistant Auditor) of Audit Limited Partnership JKP Konsultacijos
  • 1999 – Assistant Auditor at Audit General Partnership J. Kabašinskas ir partneriai
Last update: 16-09-2021