Minister of Finance

Siniša Mali

Siniša Mali

Minister of Finance
+ 381 11 364 26 56

Siniša Mali

He was born in 1972, in Belgrade. Elementary and high school – the Fifth Belgrade Gymnasium, he completed in Belgrade. He graduated and completed post graduate studies at the Faculty of Economy of the University of Belgrade. During his undergraduate studies, he received public praise as the best student of the third year, with average grade 9.80, and, subsequently, he received the Charter as the most successful student of the Faculty of Economics, Department for Marketing.

In 1999, as a Ron Brown scholar, he obtained his Master’s degree, Department of Finance (Master of Business Finance Administration degree), from the Washington University in St. Louis, United States of America. Throughout his studies, he was engaged as an Assistant, teaching five subjects in the business finance field. Upon completion of his degree, he received the award as the best student in the field of finance, as well as the award for being among 10 percent of top students among the twenty highest ranking business schools in the United States that year.

In June 2017, as a VI class student, he completed the High School of Security and Defense and obtained the highest level of career development in the Army of the Republic of Serbia. In September 2019, he passed the first part of the examination, which is necessary for obtaining the license of the Chartered Alternative Investment Analyst (CAIA).

He holds the title of the Chartered Financial Analyst (CFA), as well as of a member of the of CFA Institute, Serbian Business Angels Network, Fulbright Alumni Association and British-Serbian Business Club. In addition, he is a holder of a Portfolio Manager license, issued by the Securities and Exchange Commission of the Republic of Serbia.

He was Mayor of Belgrade from April 2014 to May 2018. He previously served as the President of the Interim Authority of the City of Belgrade. Prior to becoming a Mayor, he served as the Special Adviser for the Economic and Financial Affairs of the then Prime Minister of the Government of the Republic of Serbia, Mr. Aleksandar Vučić.

Prior to that, he worked as a private sector financial advisor, where he was engaged by several private companies, specializing in the field of provision of financial advisory services. He was engaged as a consultant at “Deloitte & Touche” Company, in Belgrade and Prague, where he specialized in the field of purchasing and selling of companies, financial consulting, financial restructuring and business consolidation of privately-owned and public enterprises. He also worked at “Credit Suisse First Boston in Mergers & Acquisitions Group” in New York.

In 2001, he was appointed as Assistant Minister for Privatization at the Ministry of Economy and Privatization of the Government of the Republic of Serbia. At the end of that year, he moved to the Privatization Agency, where he served as the Director of the Center for Tender Privatization. He remained in this position until the end of 2003.

He was appointed Minister of Finance as a renowned and eminent financial expert, who had worked for the largest and most prominent consulting companies in the world, but also as a mayor, who initiated and implemented a comprehensive program of financial consolidation in the City of Belgrade, within which the city’s debt was halved and the budget deficit was substantially reduced. During his tenure, the city of Belgrade, for the first time, received a credit rating, which, according to the rating agency Moody’s, amounted to BA3.

He was awarded the “Najevropljanin 2014” (the best European 2014) prize for the project of development and reconstruction of Belgrade. In 2017, he was awarded the “Most Tolerant City in the Region” award by the European Movement in Bosnia and Herzegovina.

He is actively engaged in sports. He is an honorary holder of 5th dan Taekwondo black belt for the contribution to the overall development of sports. He is a regular participant in semi-marathon races within the Belgrade Marathon, and, in November 2018, he ran out a 42 km long marathon race in Athens. He also ran out the Berlin Marathon, in September 2019.

He is fluent in English, uses Greek language and is currently learning Chinese.

He is the father of Teodor, Viktor ad Lola.

Published works:

  • „Reform of Public Enterprises in Belgrade as the Platform for Investment Activism”, Enterprise Economics, January-February 2016.
  • „Public Sector Restructuring on the Municipal Level:  The Case of the City of Belgrade“, Enterprise Economics, January-February 2015.
  • „Value Creation through Restructuring – Key Value Drivers and Value Creation Models“, Organization and Management, 2012.
  • „Sponsorship Strategy“, Marketing, 1997.
  • „Management Buy-Outs – What Is It and How To Use It“, World of Finance, 1996.
  • „Trade Exhibitions as a Promotion Tool“, Contemporary Trade, 1996.