Svein Harald Øygard

Svein Harald Øygard (born 29 June 1960) is a Norwegian economist and former Interim President of the Central Bank of Iceland (Seðlabanki Íslands).

Early Life and Education

Øygard studied economic sciences in Oslo and graduated from the University of Oslo in 1985 with a masters degree. His focus was on macroeconomics.[1]

Career

He was head of the Central Bank of Iceland in 2009, succeeded Davíð Oddsson and was in office from February to August 2009.[2] In 2019 he published a book in Norwegian and Icelandic on the 2008 financial crisis, illustrated with the dramatic boom, bust and recovery of Iceland. The book, In the Combat Zone of Finance, is due to be published in English (LID) and Chinese (Citic Press) in 2020.

Before becoming Governor he was a director in McKinsey.[3] He started in McKinsey in 1995. During his time at McKinsey and Company, Øygard focused on projects and policy in the energy, industry, finance and public administration sectors. He had clients in Europe, America, Asia, Africa and the Middle East. From 2005-2007 he was director of McKinsey and Company in Norway.[4] From 1983 to 1990 Øygard worked in the Norwegian Ministry of Finance and the Norwegian Parliament. During his tenure in the Ministry of Finance he was responsible for the Ministry's inflation analysis and the link between wages and price levels. For a short time, he also worked at the Norwegian central bank, Norges Bank.[5][6] From 1990 to 1994, under the third cabinet Brundtland, he was a State Secretary in the Norwegian Ministry of Finance.[7] His responsibilities included macroeconomics, the integration of financial and monetary policy, financial sector regulation and taxation. Øygard was part of the team that dealt with the Norwegian banking and currency crisis in 1992. Also in 1992, he led the review of Norwegian tax legislation and was a member of a task force set up by the Norwegian government to examine the potential economic impact of EU membership.[1] Until 2000 Øygard was a member of the Economic Council of the Norwegian Labor Party.[4] He was re-elected as Director in McKinsey & Company September 2009, a role he had until September 2016.

He was the acting governor of Central Bank of Iceland in 2009.[8]

In January 2020, Øygard has published the book In the combat zone of finance. The book has been published in 3 languages.

References
  1. "Act no. 5/2009 amending the Act on the Central Bank of Iceland, no. 36/2001". www.cb.is. Retrieved 2020-11-24.
  2. http://newsfrettir.com/?p=2849
  3. "Kristin Halvorsen gratulerer Svein Øygard" (in Norwegian). Government.no. 27 February 2009. Retrieved 2 April 2009.
  4. "Acting Governor and Deputy Governor of the Central Bank of Iceland appointed". www.stjornarradid.is (in Icelandic). Retrieved 2020-12-04.
  5. Íslands, Seðlabanki (2009-02-27). "New interim Governor and Deputy Governor appointed". GlobeNewswire News Room. Retrieved 2020-12-10.
  6. "Act no. 5/2009 amending the Act on the Central Bank of Iceland, no. 36/2001". www.cb.is. Retrieved 2020-12-10.
  7. "Norwegian Ministry of Finance. State Secretaries". Government.no. Retrieved 2 April 2009.
  8. https://www.sedlabanki.is/library/Skraarsafn/ymsar-skrar/Bankastjorn%20fra%20upphafi.pdf
Preceded by
Davíð Oddsson		 Chairman of the Board of Governors
of the Central Bank of Iceland (acting)
2009		 Succeeded by
Már Guðmundsson


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