Siniša Mali

Siniša Mali

Prvi potpredsednik Vlade Republike Srbije i ministar finansija // First Deputy Prime Minister and Minister of Finance of the Republic of Serbia

Serbia
9K followers 500+ connections

About

Throughout my career, I’ve held a number of financial advising and consulting positions, in the private as well as government sector. More on that down below. But there are two professional roles that I am really proud of: that of the Mayor of Belgrade (from April 2014 until May 2018), and the one I hold now - First Deputy Prime Minister and the Minister of Finance of the Republic of Serbia.

As Belgrade’s mayor, together with my team, I worked on consolidating and tightening the city’s finances. I managed to cut the city’s debt, and substantially reduce the budget deficit. For the very first time, Belgrade received a credit rating, which was BA3, according to the rating agency Moody’s. I worked on bringing in investment, on developing Belgrade for, and together with its citizens, so it becomes the best place to live one’s life, fully.

As the Minister of Finance, together with my team, the whole of the Government, the President of Serbia, as well as our various partners, I look for new solutions that I know will work.
I work towards creating a Serbia that’s strong financially, that develops and will keep on developing day in, day out, goal by goal; a Serbia that welcomes investment, a Serbia that supports its own businesses, a Serbia of diligent, dignified people. A Serbia that’s the best place to live one’s life. Fully.

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Experience

  • Government of the Republic of Serbia

    Government of the Republic of Serbia

    6 years 8 months

    • Government of the Republic of Serbia Graphic

      First Deputy Prime Minister

      Government of the Republic of Serbia

      - Present 8 months

    • Government of the Republic of Serbia Graphic

      Minister

      Government of the Republic of Serbia

      - Present 6 years 8 months

      As the Minister of Finance, I am honoured to work together with the rest of the government, with the President of Serbia, with all our partners from the EU, the IMF, the World Bank… in order to reach the best solutions that would move Serbia forward.

  • The World Bank Graphic

    Serbia's Governor

    The World Bank

    - Present 6 years 3 months

  • EBRD Graphic

    Serbia's ERBD Governor

    EBRD

    - Present 6 years 3 months

  • President

    Coordination body for countering shadow economy

    - Present 6 years 3 months

  • Serbia's Governor

    The Asian Infrastructure Investment Bank

    - Present 5 years 6 months

  • President

    Coordination body for prevention of money laundering and terrorism financing

    - Present 5 years 6 months

  • City Of Belgrade

    City Of Belgrade

    4 years 7 months

    • City Of Belgrade Graphic

      Mayor

      City Of Belgrade

      - 4 years 2 months

      Serbia

      I was born in Belgrade, back in 1972. The city shaped me, my values and beliefs. I’ve always wanted to give back. It was an honour to be able to - to watch Belgrade grow with construction, with new places, with new faces that would visit our city, to watch it grow, once again, into a destination.

    • City Of Belgrade Graphic

      President of the Provisional Authority

      City Of Belgrade

      - 6 months

      Belgrade

  • Government of the Republic of Serbia Graphic

    Special Adviser for Economy and Finance

    Government of the Republic of Serbia

    - 1 year 1 month

    Belgrade

  • OLI CONSULTING Graphic

    Executive Director

    OLI CONSULTING

    - 4 years

    Financial advisory, restructuring and transaction support in numerous MNA deals in the region.

  • General Manager

    NCA INVESTMENT GROUP

    - 3 years

    Belgrade

    Managed a portfolio of over EUR 80 million in assets.

  • Special Advisor to the Director, Director of the Center for Privatization

    Privatization Agency, Government of the Republic of Serbia

    - 2 years

    Belgrade

    Completed three largest privatization transactions in Serbia - privatization of two largest tobacco plants and the second largest oil distributor.

  • Government of the Republic of Serbia Graphic

    Assistant Minister for Privatization in the Ministry of Economy and Privatization,

    Government of the Republic of Serbia

    - 7 months

    In charge of the execution of the privatization process in Serbia; 3,500 socially-owned companies to be privatized via public tenders or auctions in a period of four years.

    Participated in the preparation of the Law on Privatization, Law on Privatization Agency, Law on Share Fund, Enterprise Law, Ordinance on Public Tenders, Ordinance on Auctions, Ordinance on Restructuring, and Ordinance on Business Valuation.

    Project Manager on “Reconstruction of Irrigation Systems” on behalf of…

    In charge of the execution of the privatization process in Serbia; 3,500 socially-owned companies to be privatized via public tenders or auctions in a period of four years.

    Participated in the preparation of the Law on Privatization, Law on Privatization Agency, Law on Share Fund, Enterprise Law, Ordinance on Public Tenders, Ordinance on Auctions, Ordinance on Restructuring, and Ordinance on Business Valuation.

    Project Manager on “Reconstruction of Irrigation Systems” on behalf of the Federal Ministry for Foreign Economic Relations; managed USD 1 million in donations from Norwegian government for reconstruction of the irrigation systems in Serbia.

  • Manager, Financial Advisory Services

    Deloitte & Touche Central Europe

    - 1 year 8 months

    Prague, The Capital, Czech Republic

    Managed sell and buy side acquisitions in food processing, car manufacturing, banking and telecommunications industry.

    Managed a USD 25 milion capital raising project for a real estate developer.

    As a member of a high level DTCE team, participated in DTCE M&A activities throughout the region.

  • Private Sector Graphic

    Financial Advisor

    Private Sector

    - 3 years

    Financial Adviser in the private sector - for several private companies that were engaged in advising in the field of financial services, specializing in the field of companies’ sale and purchase, financial consulting, financial restructuring, and business consolidation in private and public enterprises. In addition, engagement for a certain period at Credit Suisse First Boston in the Mergers & Acquisitions Group in New York.

Education

  • Technical University of Košice Graphic

    Technical University of Košice

    Doctor of Philosophy - PhD Public Finance

    -

  • Washington University in St. Louis Graphic

    Washington University in St. Louis

    Master of Business Administration - MBA Finance, General Overall GPA 3.7/4.0

    -

    Beta Gamma Sigma Honor Society
    Ron Brown Scholarship
    Working experience during the studies – Teaching Assistant on five courses in the field of Business Science, such as Financial Management and Cases in Corporate Finance (MBA courses) and Corporate Finance I and II (Executive MBA courses)
    Honours - received the award as the best student in the field of Finance, as well as the award for being among the top 10 students of the top 20 business schools across the United States for that…

    Beta Gamma Sigma Honor Society
    Ron Brown Scholarship
    Working experience during the studies – Teaching Assistant on five courses in the field of Business Science, such as Financial Management and Cases in Corporate Finance (MBA courses) and Corporate Finance I and II (Executive MBA courses)
    Honours - received the award as the best student in the field of Finance, as well as the award for being among the top 10 students of the top 20 business schools across the United States for that year.

  • School of Economics, University of Belgrade, Belgrade, Serbia

    Master's degree Master of Arts degree in Marketing&Strategy

    Honours - Best Student Award and Best Diploma Work

  • Tulane University - A.B. Freeman School of Business Graphic

    Tulane University - A.B. Freeman School of Business

    -

    pre-MBA program in Business Statistics and Managerial Communications

  • School of Economics, University of Belgrade

    Bachelor of Science - BS Major in Marketing&Strategy

    -

    Honours - during the undergraduate studies, received the award as the best student of the generation, as well as the award for the best undergraduate dissertation, upon completion of studies.

  • Advanced Security and Defence Studies

    -

    - Present

    As a VI class student, graduated from the Advanced Security and Defence Studies and obtained the highest level of career development in the Army of Serbia.

Licenses & Certifications

  • Alternative Investment Analyst Charter (CAIA Charter) Graphic

    Alternative Investment Analyst Charter (CAIA Charter)

    CAIA Association

    Issued
  • Portfolio manager license

    Securities and Exchange Commission of the Republic of Serbia

    Issued
  • Chartered Financial Analyst (CFA) - CFA charterholder and a member of the CFA Institute

    -

    Issued

Publications

  • "Fiscal decentralization and public debt: New evidence from EU countries"

    Ekonomika a spoločnosť,

    Other authors
    • Maličká, L
  • "Flypaper Effect in the Republic of Serbia"

    Lex Localis - Journal of Local Self-government

    Other authors
    • Maličká, L
  • "Fiscal decentralization and economic growth in EU countries from the country size, government structure, and EU accession perspective"

    Socioekonomické a humanitní studie

    Other authors
    • Maličká, L
  • "Reform of public enterprises in Belgrade as the platform for investment activism"

    Ekonomika preduzeća

  • "Public sector restructuring on the municipal level: The case of city of Belgrade"

    Ekonomika preduzeća

  • "Value creation through restructuring – key value drivers and value creation models"

    Organization and Management

  • "Sponsorship Strategy"

    Marketing

  • "Management Buy - Outs - What is it and how to use it"

    World of Finance

  • "Trade Exhibitions as a Promotion Tool"

    Contemporary Trade

Honors & Awards

  • Debut SSA Bond Deal of the Year

    Global Banking & Markets: CEE, CIS & TÜRKİYE AWARDS 2024

    USD 1.5bn Sustainable Bond

  • Transport Finance Deal of the Year

    Global Banking & Markets: CEE, CIS & TÜRKİYE AWARDS 2024

    EUR 1.6bn Export Finance Loan for Moravski koridor project

  • Vidovdanska nagrada

    Grad Kruševac

  • Ironman

    Ironman World Championship

  • Reformer of the Year award

    NALED

    NALED's special award was given to the Minister of Finance for the introduction of eFiscalization and eInvoices, systemic reforms that will improve the transparency of financial transactions, tax collection and contribute to the suppression of shadow economy in Serbia.

  • Six Star Medal

    World Marathon Majors

    In 2016, the World Marathon Majors started releasing the Six Star medal to honor runners who completed all six World Marathon Majors—Boston, New York, Tokyo, Berlin, London, and Chicago. By finishing the Tokyo Marathon in March 2023, Sinisa Mali completed all six of the aforementioned marathons and earned the Six Star Medal award.

  • Sovereign Green Market Pioneer in 2021 award

    Climate Bonds Initiative

    During the tenure as the Minister of Finance, Ministry of Finance of the Republic of Serbia received the award as the Sovereign Green Market Pioneer in 2021. Serbia's commitment to the implementation of the Green Agenda was confirmed with its landmark EUR 1 billion Sovereign Green Bond issuance. Proceeds will be used for financing and refinancing projects in renewable energy, energy efficiency, sustainable water and wastewater management, pollution prevention and control, circular economy…

    During the tenure as the Minister of Finance, Ministry of Finance of the Republic of Serbia received the award as the Sovereign Green Market Pioneer in 2021. Serbia's commitment to the implementation of the Green Agenda was confirmed with its landmark EUR 1 billion Sovereign Green Bond issuance. Proceeds will be used for financing and refinancing projects in renewable energy, energy efficiency, sustainable water and wastewater management, pollution prevention and control, circular economy, protection of the environment and biodiversity, and sustainable agriculture.

  • Black belt in Taekwondo - 5th dan

    -

    Honorary holder of the black belt in taekwondo, 5th dan, for contributing to the development of sports.

Languages

  • Greek

    -

  • English

    Native or bilingual proficiency

  • Chinese

    Elementary proficiency

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