Leadership Change at Hungarian State Treasury
Zsolt Demkó-Szekeres appointed new president as Csaba Bugár steps down.
The Hungarian Ministry of Finance has announced that as of March 25, Zsolt Demkó-Szekeres will succeed Csaba Bugár as the president of the Hungarian State Treasury (Magyar Államkincstár).
This transition was detailed in a press release from the ministry.
Csaba Bugár held the presidency since April 2021. Under his leadership, the treasury modernized its cash management and budgetary IT systems, evolving into a client-oriented financial provider that met the standards of the 21st century.
By 2022, MÁK emerged as the market leader in the retail government bond market.
Minister of National Economy, Márton Nagy, expressed gratitude to Bugár for his dedicated and conscientious work over the years and noted that his extensive experience and expertise would continue to be valuable in other areas.
Zsolt Demkó-Szekeres began his career at MKB Bank in the corporate finance sector.
He became deputy director and later the director of the Hungarian Export-Import Bank from 2012, where he initiated the bank’s credit guarantee program.
Since 2017, he served as director of the Hungarian Savings Cooperatives Bank and held a role as deputy CEO at KELER Zrt.
starting in 2019, later becoming CEO in 2020, during which time he oversaw the modernization of the domestic securities settlement system.
His later roles include serving as deputy CEO of Diákhitel Központ Zrt., where he contributed to the establishment of a discounted student account program.
Since 2023, he was the business deputy CEO at the Hungarian Development Bank Zrt.
In his capacity as deputy president of MÁK, he supervised key development projects and tasks related to data asset management, process, and risk management.
Minister Nagy expects Demkó-Szekeres to ensure that under his leadership, MÁK maintains the uninterrupted conduct of cash flow and account settlements during budget execution as well as the effective management of liquidity.
Additionally, he emphasized the importance of ensuring smooth payments related to the Rural Home Renovation Program, government bond interest, pensions, and VAT refunds for retirees, focusing on the protection of Hungarian families and pensioners.
This transition was detailed in a press release from the ministry.
Csaba Bugár held the presidency since April 2021. Under his leadership, the treasury modernized its cash management and budgetary IT systems, evolving into a client-oriented financial provider that met the standards of the 21st century.
By 2022, MÁK emerged as the market leader in the retail government bond market.
Minister of National Economy, Márton Nagy, expressed gratitude to Bugár for his dedicated and conscientious work over the years and noted that his extensive experience and expertise would continue to be valuable in other areas.
Zsolt Demkó-Szekeres began his career at MKB Bank in the corporate finance sector.
He became deputy director and later the director of the Hungarian Export-Import Bank from 2012, where he initiated the bank’s credit guarantee program.
Since 2017, he served as director of the Hungarian Savings Cooperatives Bank and held a role as deputy CEO at KELER Zrt.
starting in 2019, later becoming CEO in 2020, during which time he oversaw the modernization of the domestic securities settlement system.
His later roles include serving as deputy CEO of Diákhitel Központ Zrt., where he contributed to the establishment of a discounted student account program.
Since 2023, he was the business deputy CEO at the Hungarian Development Bank Zrt.
In his capacity as deputy president of MÁK, he supervised key development projects and tasks related to data asset management, process, and risk management.
Minister Nagy expects Demkó-Szekeres to ensure that under his leadership, MÁK maintains the uninterrupted conduct of cash flow and account settlements during budget execution as well as the effective management of liquidity.
Additionally, he emphasized the importance of ensuring smooth payments related to the Rural Home Renovation Program, government bond interest, pensions, and VAT refunds for retirees, focusing on the protection of Hungarian families and pensioners.
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