Markets, Risks, and Portfolios: Takeaways from 2025, Preparing for 2026 and Beyond

Dr. Kolozsi is General Deputy Chief Executive Officer at the Government Debt Management Agency (ÁKK Zrt). He also serves on the Boards of EXIM Hungary and MFB Invest Zrt., and contributes to several academic journals, including Public Finance Quarterly and Financial and Economic Review. Previously, he spent over a decade at the Central Bank of Hungary, where he was Director for Monetary Policy Instruments, Foreign Exchange Reserves, and Risk Management. He holds a PhD in Economics from Sciences Po Paris and Master’s degrees in Economics and Finance from Corvinus University of Budapest. He is a Sustainability and Climate Risk (SCR) certificate holder with GARP.

Mr. Fazekas is Head of Markets at OTP Bank, a role he has held since 2019. He has more than two decades of experience in financial markets and treasury management. Before assuming his current position, he served as Deputy Head of Treasury at OTP Bank and previously led the bank’s Money Market Department. Earlier in his career, he held senior trading roles at CIB Bank and Raiffeisen Bank in Budapest. Gábor holds a Master’s degree in Finance from Corvinus University of Budapest and a Bachelor’s degree in European Funds Management from Christelijke Hogeschool Nederland. He also completed an MBA program at the Maastricht School of Management and the SEED School for Executive Education and Development.

Mr. Gabler joined BlackRock in 2025 as Head of the Budapest PMG team. Before joining BlackRock, he was Managing Director in Investment Services at Granit Bank and previously served as Deputy CEO of Interactive Brokers Central Europe. Earlier in his career, he was Director of the Prudential Modelling and IT Supervision Directorate at the Central Bank of Hungary. Gergely holds an MSc in Financial Mathematics from Corvinus University of Budapest and also studied at HEC Liège in Belgium. He is a Chartered Financial Analyst (CFA) charter holder.

Dr. Banai is Executive Director and Chief Economist at the Magyar Nemzeti Bank (Central Bank of Hungary). He has more than 17 years of experience in central banking, financial stability and macroprudential policy in particular. He serves on the Boards of the Investor Protection Fund (Beva) and KELER CCP, and remains active in academia through teaching and research. He holds a PhD in Finance and an MSc in Investment Analysis and Risk Management from Corvinus University of Budapest, and completed executive programs at the University of Oxford and the Royal Institution of Chartered Surveyors.