Iceland’s Central Bank got itself a new Governor yesterday, as Már Guðmundsson took the post, replacing Svein Harald Øygard, who had been temporarily acting as director since February when the previous directors resigned. A press release from the Central Bank informs that “the Prime Minister appointed Már Guðmundsson to the position of Governor of the Central Bank for a term of five years, effective August 20, 2009.”
Guðmundsson has a long resumé of international banking experience. After starting out in 1980 in the economic department of the Central Bank, he moved on to be the assistant to the Minister of Finance before returning to the Central Bank as Chief Economist. Guðmundsson made his mark outside Iceland when he began working for the Bank of International Settlements in Basel Switzerland in 2004.