Organisational and personnel changes in the CNB’s Cash Department

The Cash Department of the Czech National Bank (CNB) will be renamed the Cash and Payment Systems Department. The Payment System Methodology Division will become the Non-Cash Payments Division. A new Payment System Regulation Division will also be created. The department will have two deputy executive directors. The position of Deputy Executive Director of the department will be held by Kateřina Dvořáková. Jan Mayer will be the Deputy Executive Director in charge of the Cash Circulation and Payment Media Protection Division. Michal Vodrážka will be at the helm of the Payment System Regulation Division. The Bank Board approved these changes at its meeting on 14 March 2024. They will take effect on 1 April 2024.

Kateřina Dvořáková received a Master’s degree from the Faculty of Law of Charles University in Prague. After completing her studies, she started working as a lawyer at the Czech Securities Centre. In 2012, she joined the Conduct of Business Supervision Division of the CNB's Financial Market Supervision Department. She then held the post of Deputy Executive Director of the Retail Distribution Supervision Department in charge of the Retail Distributors of Financial Products Inspection Unit. In 2017, the Bank Board appointed her Director of the Payment Services and Currency Exchange Supervision Division of the Financial Market Supervision Department II, a position she has held until now.

Jan Mayer earned his Doctorate in Law from the Faculty of Law of the University of West Bohemia in Plzeň. After completing his studies, he worked as trainee lawyer in the law firm of Dana Kořínková and as a member of the Board of Supervisors and the Board of Directors in CONGER, a.s. In 2010–2011 he worked at the CNB as principal business methodologist. Thereafter he worked as Deputy Director General of the Prison Service of the Czech Republic. In October 2012, he returned to the CNB as Director of the Business Division of the Administration Department. In 2021, the Bank Board appointed him Director of the Cash Circulation and Payment Media Protection Division of the Cash Department, a role he has maintained to the present.

Michal Vodrážka graduated in public policy from the Korea Development Institute School of Public Policy and Management (Seoul, South Korea). In 2007–2010, he worked at the Ministry of Finance of the Czech Republic. He joined the CNB’s Cash and Payment Systems Department in 2010 as a lawyer in the cash circulation and payment media protection area. From 2012, he headed the Legal and Payment System Supervision Unit. He has worked in managerial positions since 2016, initially as Director of the Cash Circulation and Payment System Supervision Division of the Cash and Payment Systems Department. He has held the post of Director of the Financial Market Regulation Division II of the Financial Regulation and International Cooperation Department since 2018.

Jakub Holas
Director, Communications Division