The Hellenic Financial Stability Fund (HFSF) announces that, following a proposal from the Selection Panel and the decision of the Ministry of Finance, the new Non-Executive Member of the General Council of the Fund, replacing Mr. Elias Karakitsos who has resigned, is Mr. Radovan Jelasity. The appointment takes place according to the procedure of the law 3864/10, as in force, with effect from October 18th, 2016 to June 30th, 2017. The relevant Greek Government Gazette (FEK no. 384) was posted on October 18th, 2016.
Mr. Radovan Jelasity is the CEO and Chairman of the Board of Directors at Erste Bank
Hungary (EBH) in Budapest, Hungary. He has managed the turnaround of EBH, consolidated
several subsidiaries back into the bank and cleaned up the Non-Performing loan portfolio
down to a single digit. In addition, he has concluded several acquisitions and implemented a
new overall business strategy for the bank.
Mr. Jelasity served as Governor of the National Bank of Serbia between 2004 and 2010 and
Vice Governor from 2000 until 2003. He had a critical role in consolidating the Serbian
banking and insurance sectors, strengthening the regulatory and supervisory framework and
representing Serbia in key negotiations with international financial institutions. As Vice
Governor he was a board member of the Banking Rehabilitation Agency, where he helped
reorganize the banking system and launch the privatization of several large banks.
Previously, Mr. Jelasity worked for McKinsey & Company in Frankfurt, focusing on banking projects in Germany, Poland and Bulgaria. He started his banking career in 1995 with Deutsche Bank in Frankfurt where he worked for four years as a Regional Manager responsible for Central and Eastern Europe.
Mr. Jelasity is a member of the board of the Hungarian Banking Association, holds a Master
of Business Administration (MBA) in Finance from the University of Illinois, Chicago, USA and
a Bachelor of Science (BSc) in Marketing from the University of Belgrade, Yugoslavia.