Gediminas Šimkus

Gediminas Šimkus Chair of the Board of Lietuvos bankas Member of the Governing Council of the European Central Bank

Gediminas Šimkus took office as Chair of the Board of Lietuvos bankas in April 2021. As Chair of the Board, Gediminas Šimkus oversees the areas of monetary policy, economics and organisational management. Before becoming Chair, he was a Member of the Board of Lietuvos bankas and Director of the Economics and Financial Stability Service.

Gediminas Šimkus joined Lietuvos bankas in 2002. For over 20 years he has been working and accumulating experience in various areas of central banking, including the analysis of economic processes and forecasting, ensuring financial stability, shaping and implementation of monetary and macroprudential policies, banking supervision, statistical compilation and dissemination as well as in other areas. His work as a financial stability expert at the European Central Bank in 2010–2012 also added to his experience. Gediminas Šimkus obtained a Master’s degree in Economics from Vilnius University.

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 Lietuvos bankas
• 2020 September–2021 April – Member of the Board of Lietuvos bankas
• 2014–2020 – Director of the Economics and Financial Stability Service of Lietuvos bankas, representative of Lietuvos bankas 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 Lietuvos bankas
• 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 Lietuvos bankas
• 2003–2005 – Principal Economist at the Off-site Monitoring Division of the Credit Institutions Supervision Department of Lietuvos bankas
• 2002–2003 – Economist at the Off-site Monitoring Division of the Credit Institutions Supervision Department of Lietuvos bankas
• 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