Five applications were submitted for the vacancy for the director of the Deposit Protection Fund (FZD), and among the registered candidates are the current director Vojin Vlahović, advisor in the office of the President of Budva Mladen Bojanic i Asmir Pepić who is the logistics advisor to the Chief of General Staff, "Vijesti" learns.
The vacancy for the director of the Fund was announced on the website of the Employment Agency on August 15, based on the decision of the Administrative Property of July 21 this year. Applications could be submitted until September 1. A person who is a citizen of Montenegro, who possesses general working ability, has a VII1 level of educational qualification and at least five years of work experience in the financial sector may be appointed as the director of the Fund.
When asked when the Board of Directors meeting to decide on the election of the director would be held, the answer was that it was not yet possible to schedule that meeting.
"Because the certificates from the competent ministry that the candidates have not been sentenced to unconditional imprisonment or convicted of an offense that makes them unworthy of performing the function of the Fund's director have not yet been received. The public will be informed in a timely manner about all relevant issues related to the implementation of the competition in question," states the response signed by the Secretary of the Fund. Stevan Vukcevic.
The FZD confirmed to "Vijesti" that five applications were submitted for the vacancy for director, but they did not provide the names of the candidates.
"Due to the ongoing procedure, we cannot provide the names of candidates for the Fund's director at this time. Currently, the members of the Board of Directors, who will elect the director, do not have an official list of candidates. For this, it is necessary for the relevant ministry to receive the aforementioned information and then prepare a report on the candidates applied for, on the basis of which the members of the Board of Directors will make a decision. Informing the public and transparency are one of the many aspects of this process that we take into account. As I mentioned, the public will be informed in a timely manner about all relevant issues related to the competition," said Vukčević.
The Fund has not informed the public about this competition, nor can any information about it be found on the Fund's website.
Vojin Vlahović, former advisor to the former president of the country Milo Đukanović, was elected as the Director of the Deposit Protection Fund (DPF) in the fall of 2021. His predecessor Predrag Markovic has held this position since 2010, and after he reached the legal retirement age, a vacancy for a new director was announced on August 25, 2021.
The public was not officially informed about the personnel change at the Fund that year either.
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Vlahović was an economic advisor to Đukanović from 2003 to 2010, when Đukanović was Prime Minister, and from 2015 to 2017, an economic advisor to the Prime Minister of Montenegro and National Coordinator for Regional Projects. Prime Minister's Government Duško Marković was elected at the end of 2016.
In the biography of Vlahović, it is written that in the period from 2010 to 2015 he served as the extraordinary and plenipotentiary ambassador of Montenegro to the Republic of Italy, then from 2018 to 2021 he was the president of the Council of the Civil Aviation Agency. He was the President of the Board of Directors of Airports of Montenegro (ACG) from 2015 to 2017.
Mladen Bojanić, who was Minister of Capital Investments in the Government of Prime Minister Zdravka Krivokapića, and is now an advisor to the mayor of Budva Nikola JovanovićBojanić was also a candidate for president in 2018, as well as a member of parliament from 2012 to 2016.
Asmir Pepić's biography states that he graduated from the Faculty of Economics at the University of Montenegro. He worked, among other things, as a broker at Hypo Alpe Adria Bank (now Adiko Bank), then as an advisor to the Deputy Prime Minister for Regional Development. Rafet Husović in the period from May 2013 to December 2017, he was a member of the Capital Market Commission from December 2017 to December 2022, and State Secretary at the Ministry of Defense from July 2022 to November 2023. Since August last year, he has held the position of Logistics Advisor to the Chief of General Staff Miodrag Vuksanović.
It is still not possible to schedule a meeting of the Fund's Board of Directors because certificates from the competent ministry that the candidates have not been sentenced to unconditional imprisonment or convicted of an offense that makes them unworthy of performing the function of Fund director have not yet been received, Vukčević stated.
According to the Law on Deposit Protection, the Board of Directors (BoD) manages the Fund and appoints the director.
"The Board of Directors has five members. The members of the Board of Directors are appointed by the President of Montenegro, with one member appointed at the proposal of the state administration body responsible for financial affairs (Ministry of Finance), one at the proposal of the Central Bank (CBCG), one at the proposal of the Association of Banks of Montenegro (UBCG), one at the proposal of the Chamber of Commerce of Montenegro (PKCG) and one at the proposal of the President of Montenegro. A member of the Board of Directors is appointed for a period of four years and may be appointed twice," the law defines.
The Fund's Board of Directors currently includes: Borko Božović (Chairman of the Board of Directors and Director of the Directorate for Financial Stability and Payment Systems Supervision at the Central Bank of Montenegro) and members Nina Drakić (President of the Chamber of Commerce and Industry of Montenegro), Ivana Jolicic (Head of the Regulatory Directorate of the Control Sector at the Central Bank of Montenegro), Mihailo Pejović (Head of the Directorate for Budget Execution and Accounting in the Ministry of Finance) and on behalf of the UBCG Darko Radunović (Minister of Finance in the Government of Prime Minister Duško Marković).
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