Audit Committee
The Audit Committee, which oversees the Internal Audit Function, is established by a decision of the General Council and composed of two (2) members of the General Council and one external expert of recognized standing and experience in auditing - accounting.

The Audit Committee shall in particular:
  • Supervise the internal audit function
  • Make recommendations on the appointment of external auditors and the scope of external audits
  • Consult with the external auditors on the findings of their audits
  • Audit, together with the external auditors, the end-of-year financial statements
  • Submit reports to the General Council and the Executive Board on a regular basis, and
  • Regulate any issue concerning its operation
The Executive Board or members of the Fund’s staff may be invited to attend the meetings of the Audit Committee.

Members of the Audit Committee:

Mr. Maetze has thirty (30) years of banking experience having held senior management positions in Commerzbank, Dresdner Bank and HypoVereinsbank (now UniCredit Bank AG) in Germany and Singapore. He is a proven expert in Financial Institutions business, actively participated in the two (2) largest bank mergers in Germany, oversaw various business transformation exercises and the development as well as the implementation of successful business unit strategies during the financial crisis and in post-merger situations.

From 2007 to 2015 he was Member of Commerzbank’s Executive Management Board with responsibilities including the global Financial Institutions business of Commerzbank. Prior to this he was Global Head of Financial Institutions at Dresdner Bank.

Mr. Maetze has served/is serving on a number of Boards in Banking, Finance and Financial Technology (Financial Technology) as well as cultural foundations.

Mr. Maetze holds a BSc. from the Frankfurt School of Finance and Management and participated in various management programs at Harvard Business School, Institut Européen d'Administration des Affaires (INSEAD), International Institute for Management Development (IMD), Management School St. Gallen, as well as Baden-Badener Unternehmergespräche (BBUG).
Mr. Sigurgeirsson is Director of the General Secretariat and International Relations at the Central Bank of Iceland and Chairman of the Central Bank Asset Holding Company

Prior to assuming his current responsibilities at the Central Bank of Iceland, he occupied, for more than fifteen years, several managerial positions as Economist, Deputy Director and Director of the International Department in the fields of debt management, foreign exchange reserves management, external debt of the Republic of Iceland and International Relations.

Since January 2015 Mr. Sigurgeirsson is also a member on the Task Force for Lifting Capital Controls in Iceland.

During his career in the financial sector, he has been Assistant to the Executive Director from 2000 to 2002 and Alternate Executive Director, Nordic-Baltic Chair from 2005 to 2008, at the International Monetary Fund.

Mr. Sigurgeirsson holds a Cand Oecon Degree from the University of Iceland, Faculty of Business Administration and Economics.
Mr. Eleftheriadis is a chartered accountant in England & Wales, a chartered taxation practitioner in the UK and a certified auditor in Greece. He has over 20 years of practical experience in auditing and tax consulting of commercial and manufacturing exporting companies, banks and insurance firms, as well as private insurance funds.

From 1987 until 1997 he worked at Arthur Andersen Chartered Accountants in England and in Greece, whereas for many years he worked at Ernst & Young Hellas, at the Audit Department.

He has been a shareholder of BDO Hellas Certified Auditors & Tax Consultants servicing his own clientele while, he simultaneously acted as the International Tax Liaison of all BDO offices worldwide. Since 2012 he keeps his own auditing and tax consultancy firm.

Mr. Eleftheriadis has attended courses in actuarial and financial mathematics at the Greek Institute of Actuaries, and he holds a Master’s degree in Mechanical Engineering, Manufacture & Management from the University of Birmingham, UK.