Vicegovernors

Published: 18/7/2018

Michael Faulend, PhD, was born on 25 May 1974 in Zagreb, where he graduated in 1997 from the Faculty of Economics and Business, Analysis Study Program, and in 2002 he received his Master's Degree at the postgraduate studies ''International Economy''. He got employed in the Croatian National Bank in October 1997 in the Research Department. In the period from 2001 to 2003 he was Assistant to the Executive Director of the IMF Dutch Constituency. After returning to the CNB he continued his work in the Research Department as advisor, and on 1 April 2004 he was appointed Executive Director of the International Affairs Area. He is the author of several scholarly papers on economic issues.

Pursuant to the decision of the Croatian Parliament, Michael Faulend was appointed Vicegovernor of the Croatian National Bank on 5 July 2013.

Vicegovernor Faulend coordinates and manages the International Relations and Resolvability Assessment Area.


Bojan Fras was born in Zagreb on 4 January 1963. He graduated in 1988 from the Faculty of Law in Zagreb. In 1988 he started working as a legal trainee and in 1992 he became a licensed attorney. In 1995 he was a co-founder of "Žurić i partneri" law firm in Zagreb, where he remained a partner until appointment to the current position. During his career as a practicing lawyer he was engaged in legal counselling and representation in the areas of commercial law, investments, financing and banking as well as in commercial disputes, including international arbitrage. He was the principal Croatian legal advisor on some of the most significant transactions and investment projects in Croatia, including those in telecom, energy and finance. He represented and advised a large number of leading international corporations and institutions and domestic companies and institutions.

He also acted as international legal advisor for bank privatization to a government of a country in the region and advised foreign and domestic banks, financial institutions and companies on their operations In Croatia, derivative transactions, repo operations and other forms of financing. He was also active in legislative work.

He has spoken at conferences, seminars and panels in Croatia and abroad on the legal aspects of investments in Croatia, financial system, privatisation and mergers and acquisitions of Croatian companies, company law, project financing, local government financing and other legal issues.

Pursuant to the decision of the Croatian Parliament, Bojan Fras was appointed Vicegovernor of the Croatian National Bank on 5 July 2013.


Neven Barbaroša was born on 3 May 1965 in Zagreb, where he graduated in 1991 from the Faculty of Economics and Business. In 1992 he got employed in the Payment Operations Institute and he stayed there until mid-1995 when, as a part of the domestic payment operations reform, he moved to the Croatian National Bank. He worked as Advisor and Deputy Director in the Payments Operations Department; in 2001 he was appointed Director of that Department and in 2003 he became the Executive Director of the Payment Operations Area.

Pursuant to the decision of the Croatian Parliament, Neven Barbaroša was appointed Vicegovernor of the Croatian National Bank on 25 October 2013.

Vicegovernor Barbaroša coordinates and manages the operations of the Payment Operations Area.


Martina Drvar was born in Zagreb on 24 August 1973. She received a Master's degree in finance, audit and accounting from the Faculty of Economics and Business Zagreb in 1997. During her studies, she was a CNB scholarship holder and, after graduating, she took a trainee job in the then CNB bank supervision area where she advanced from the position of a supervisor to the director of the off-site supervision department. With the commencement of negotiations between the Republic of Croatia and the European Union, in 2006, she was elected Head of the Working Group for Chapter 9, Financial Services and as a Chief Advisor she was in charge of European relations in the area of bank supervision. In parallel with European-related affairs, she was also in charge of the management of the central bank project of prudential and statistical data warehouse development. Following the completion of EU negotiations, she resumed operational tasks in bank supervision area where in 2013 she was elected to the position of director of department responsible for supervisory reporting and banking system analysis. With the setting up of the Single Supervisory Mechanism in the eurozone in 2015, she joined the European Central Bank as Joint Supervisory Team Coordinator supervising subsidiaries of American parent banks in a number of European countries and cooperating closely with other global bank supervisors and international bodies responsible for recovery plans of those banks.

Pursuant to the decision of the Croatian Parliament, Martina Drvar assumed office as Vicegovernor of the Croatian National Bank on 18 July 2018.


Slavko Tešija was born in Ludbreg on 23 February 1954. He graduated from the Faculty of Foreign Trade Zagreb in 1981 and in 2006 he took his Master's degree in organisation and management from the Faculty of Economics and Business Zagreb. His took his first job working for Privredna banka and in 1983 he joined the Croatian National Bank as senior foreign exchange-monetary inspector. In 1994, he was appointed director of foreign exchange and credit and monetary inspection of banks and one year later, he was appointed director of the State Agency for Deposit Insurance and Bank Resolution. He returned to the Croatian National Bank in 1996, and from 1998 to 2014 he worked as director of the International Banking Department. In 1999, he was appointed representative of the Republic of Croatia to the Commission on Banking Technique and Practice (International Chamber of Commerce, ICC), Paris, the function he performed for three four-year terms of office. From 2014, he acted as chief advisor in the CNB's Support Services Area until 2017, when he was appointed authorised representative of the Republic of Croatia for the succession of financial assets and liabilities of the Former SFRY. He co-authored a large number of laws in the area of economics, and for the purposes of government institutions, as a judicial expert on finances, banking and foreign exchange operations and foreign trade, he gave expert opinions in judicial and arbitration disputes.

Pursuant to the decision of the Croatian Parliament, Slavko Tešija assumed office as Vicegovernor of the Croatian National Bank on 18 July 2018.


Roman Šubić, PhD, was born in Zagreb on 25 January 1981. In 2003 he graduated from the Faculty of Economics and Business of the University of Zagreb with major in finance, where he also completed a Master's programme in finance and banking in 2009. In 2012, he received his PhD from the Faculty of Economics of the University of Osijek. From 2004 to the beginning of 2017, he worked in the Croatian National Bank, first in the area of market competition in the banking sector and later in the area of bank supervision and oversight. The major part of his professional experience stems from participation in bank examinations as well as from his role as the head of on-site examinations of credit institutions. During his career he has participated in numerous professional development programmes in internationally renowned financial institutions. From the beginning of 2017 until his appointment as Vicegovernor, he was assistant professor at the Catholic University of Croatia, where he still teaches several courses related to the area of his specialisation. He was the leader of a science and research project and has authored several scientific and professional papers.

Pursuant to the decision of the Croatian Parliament, Roman Šubić assumed office as Vicegovernor of the Croatian National Bank on 18 July 2018.