Executive Director of the Insurance Companies Regulation and Supervision Department has been appointed

At its meeting today, the CNB Bank Board appointed Karel Gabrhel to the post of Executive Director of the Insurance Companies Regulation and Supervision Department. Karel Gabrhel was selected on the basis of a public selection procedure and will take up his new post as from 1 May 2006.

Karel Gabrhel graduated from the University of Economics, where he studied economic policy. In 1997-1999 he completed a postgraduate course in banking at the University of Colorado. He worked in Komerční banka from 1992 to 1994 and joined the Czech National Bank in 1994. During his career at the central bank, he has focused on topics related to the banking sector and banking supervision. Initially he held the post of banking supervision inspector. In 1997 and 1998 he was advisor to the Executive Director and later he worked as advisor to the Bank Board.  Since 1998, he has held the post of Director of Off-Site Banking Supervision Division of the Banking Regulation and Supervision Department.

Pavlína Bolfová, CNB spokesperson