Ales Michl

Article

May 20, 2022

Aleš Michl (born 18 October 1977 in Prague) is a Czech economist, since December 2018 a member of the CNB's Bank Board and since July 2022 the Governor of the Czech National Bank.

Life

He graduated from the Faculty of Finance and Accounting at the University of Economics in Prague (in 2002 he obtained the degree of Ing., In 2020 the degree of Ph.D.). He also studied briefly at the London School of Economics and the Wharton School at the University of Pennsylvania in Philadelphia. During his studies, he wrote for Hospodářské noviny. From 2006 to 2015, he worked as an analyst and investment strategist at Raiffeisenbank. Prior to that, between 2004 and 2006, he worked in the teams of Deputy Prime Ministers for Economics Martin Jahn and Jiří Havel and also worked with the National Economic Council of the Government (NERV). In February 2014, he became an external advisor to the Ministry of Finance of the Czech Republic, led by Andrej Babiš. After Babiš became prime minister, he was also his economic adviser. In 2016, Michl founded Fund Management s.r.o., which subsequently became a co-founder of Robot Asset Management SICAV a.s. performing the activities of an investment fund of qualified investors with the Quant sub-fund. As of the date of the position on the CNB Board, he terminated these activities. On 21 November 2018, the President of the Republic Miloš Zeman appointed him a member of the Bank Board of the Czech National Bank, with effect from 1 December of the same year. On the economy after the first year on the board of the Czech National Bank. In 2021 he published the book Reset the Economy, on the Future of Economic Development after the Covid-19 Period. He regularly contributes to MF Dnes with Monday columns. Since April 2020, during the covid-19 pandemic, he regularly wrote the blog First Estimate of the Impacts of the COVID-19 Pandemic on the Czech Economy. Subsequently, together with the team at the CNB, he compiled the first index of economic activity in the Czech Republic, Rushin. In 2021, in his book Reset the Economy and subsequently at the Forbes Lepší Česko magazine, he presented a new vision for the Czech Republic - the idea of ​​a national wealth fund to which the CNB could send part of its profits. Zeman appointed the governor of the Czech National Bank, with effect from 1 July 2022. He will thus replace Jiří Rusnok. He has not been and is not a member of any political party.

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