SRB announces the appointment of new Vice-Chair and Board Members

The Single Resolution Board (SRB) is pleased to announce the appointment of Jan Reinder De Carpentier as Vice-Chair and Pedro Machado and Jesús Saurina as Members of the Board and Directors of Resolution Planning and Decisions. They will take up their duties on 1 March 2020.

The European Commission, in consultation with the SRB, carried out a stringent recruitment process and proposed the appointees as candidates to the European Parliament. After the European Parliament approved the proposal on 30 January 2020, the Council, acting by qualified majority, adopted the appointments on 17 February 2020.

Meet the Vice-Chair

Jan Reinder De Carpentier joined the SRB in 2015 as General Counsel in charge of the Legal Service, SRB Secretariat and Compliance function, providing strategic legal advice across the organisation and to the Single Resolution Mechanism stakeholders. He joined the Dutch central bank in 2002 and held various management positions, with a focus on anti-money laundering supervision, legal advice, early intervention strategies and crisis management. A Dutch national, Jan Reinder started his career in 1995 as a lawyer in private practice in The Hague and Amsterdam and holds a master’s degree in civil and tax law from Erasmus University in Rotterdam.

Meet the Members of the Board and Directors of Resolution Planning and Decisions

Pedro Machado has worked in financial regulation and supervision for close to 20 years. He is the Director of Legal Services and Chief Legal Counsel at Banco de Portugal, where he has also previously served as Deputy Director of the Prudential Supervision Department. A Portuguese national, he was the Minister of Finance’s Chief of Staff between 2011 and 2013, and has worked in the European Central Bank and PwC. From 2012 to 2015, Pedro was a non-resident member of the European Investment Bank’s Board of Directors. He holds a law degree from the Lisbon School of Law and has done post-graduate studies in European Law at the European University Institute.

Jesús Saurina is currently Director-General at Banco de España, responsible for Financial Stability, Regulation and Resolution, as well as being a member of its Executive Board and Governing Council. He has developed his whole career in the Banco de España, starting in supervision and then setting up and leading the Financial Stability Department. A Spanish national, Jesús has also been a board member of the Spanish resolution authority, FROB, as well as of the Spanish Deposit Guarantee Fund. He is currently a member of the Basel Committee on Banking Supervision, as well as a board member of the SRB’s Plenary Session and of the European Banking Authority. Jesús holds a Ph.D. in Economics from the Universidad Complutense de Madrid, and did postgraduate studies at CEMFI.

The new appointments replace Vice-Chair Timo Löyttyniemi and Board Members Antonio Carrascosa and Dominique Laboureix.

“I am delighted to welcome Jan Reinder, Pedro and Jesús. They each bring vast experience and knowledge to the SRB. Jan Reinder has been instrumental in building up the organisation, while Pedro and Jesús have had impressive careers in their respective central banks with a deep engagement in financial stability, as well as bank resolution. Together we will focus on our mission to make all banks resolvable, which in turn protects financial stability and the taxpayer.”- Elke König, Chair of the Single Resolution Board

“It is an honour to be taking up the role of Vice-Chair of the SRB. I have been with the SRB as General Counsel for more than four years and this new position is a challenge I am looking forward to, as the SRB continues its important work to promote financial stability.” - Jan Reinder de Carpentier, newly appointed Vice-Chair

“I am very pleased to be joining the SRB in the coming weeks. Resolution has been part of my work in different periods of my career over the last decade. I feel very committed to bringing my experience to improving bank resolvability through sound planning. It will be an honour to serve at the SRB and contribute in a meaningful way to the Banking Union, a fundamental endeavour of the European project.” - Pedro Machado, newly appointed Member of the Board

“It is both inspiring and challenging to be part of the SRB, an institution that has already demonstrated that it is possible to resolve a bank protecting taxpayers’ money, depositors, financial stability and the critical functions of the bank.” -  Jesús Saurina, newly appointed Member of the Board