World May 26, 2026 03:05 PM

Croatian government weighing Ante Zigman to lead central bank as Vujcic departs for ECB role

Market regulator chief emerges as frontrunner while central bank deputies remain on the shortlist

By Ajmal Hussain

Croatia is reportedly considering Ante Zigman, head of the national market regulator since 2018, as its candidate to replace Boris Vujcic as governor of the Croatian National Bank. The nomination, expected from Prime Minister Andrej Plenkovic's party this week, must still be approved by parliament. The incoming governor will also represent Croatia in the European Central Bank's rate-setting body as Vujcic prepares to assume the role of ECB vice president on June 1.

Croatian government weighing Ante Zigman to lead central bank as Vujcic departs for ECB role

Key Points

  • Ante Zigman, head of Croatia's market regulator since 2018, is reportedly the frontrunner to become governor of the Croatian National Bank.
  • Sandra Svaljek and Michael Faulend, both holding senior positions within the central bank, are also on the list of potential candidates.
  • Prime Minister Andrej Plenkovic's party is expected to nominate a candidate this week, with parliamentary approval required; the new governor will also sit as a rate setter at the European Central Bank.

Croatian authorities are said to be leaning toward Ante Zigman to take over leadership of the country's central bank, according to reporting that cites an individual familiar with the government's deliberations. Zigman has led the national market regulator since 2018.

The source, who spoke on condition of anonymity because the discussions are private, identified Zigman as the current frontrunner for the post. The shortlist of possible successors also includes two officials who are already serving in senior roles at the central bank - Sandra Svaljek and Michael Faulend.

Under the expected timeline, Prime Minister Andrej Plenkovic's political party will put forward a nominee this week. That nominee would not assume the role immediately; parliamentary approval is required before any appointment can be finalized.

Beyond domestic responsibilities, the person chosen to lead the Croatian National Bank will take on a seat in the European Central Bank's decision-making framework, participating in interest-rate deliberations as one of the ECB's national governors. The vacancy at the Croatian central bank is arising because the current governor, Boris Vujcic, is set to leave the post to become vice president of the ECB on June 1.

The discussions over the next governor remain confined to internal government deliberations, and the identity of the eventual nominee will depend on the formal selection and parliamentary confirmation processes. At this stage the available information notes only the candidates under consideration and the procedural steps expected in the near term.


Context and next steps

The selection will be formally initiated when the ruling party submits a name for parliamentary consideration. Lawmakers will then review and vote on the nomination. Once confirmed, the new governor will assume both national monetary responsibilities and the role at the ECB's rate-setting table.

Details about any final decision, including an official nomination or parliamentary outcome, have not been disclosed publicly beyond the names reported as being under consideration.

Risks

  • The nomination still requires parliamentary approval - political opposition or procedural delays could affect the timing and outcome. Impacted sectors: government and financial markets.
  • Uncertainty remains about the final choice while deliberations are private, leaving markets and banking stakeholders without clarity on future central bank leadership until a formal nomination is made. Impacted sectors: banking and monetary policy.

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