Management Board

dr Miroslaw Bajda – President of the Management Board

PhD in Economics of Warsaw School of Economics. A graduate of the three-year doctoral studies at the College of Management and Finance of Warsaw School of Economics and master’s studies at the Management Faculty of the University of Economics in Poznan (specialization: capital investments and financial strategies of enterprises). He completed numerous professional trainings, including courses for investment advisers and securities analysts.

Active participant of the capital market since 1992. He has over twenty years of professional experience obtained in international financial institutions. Since 2007, he manages the EuroRating credit rating agency.

Specialist in the area of credit risk, financial analysis and companies valuation. Member of PRMIA (Professional Risk Manager’s International Association). Author or articles, market comments and scientific publications concerning credit risk of companies and banks. Host and lecturer of numerous trainings and conferences on credit risk of companies and financial institutions as well as dedicated to the corporate bonds market. Since 2009, a lecturer of fundamental analysis during a cyclical course for equity analysts.

Supervisory Board

Liliana Teresa Bajda – Chairperson of the Supervisory Board

Licenced statutory auditor of financial statements (licence number 4875); specialist in accounting, financial reporting, financial audit and tax. She has almost forty years of professional experience obtained, amongst others, as a chief accountant, management board member, and member of supervisory boards of several companies. Since 1991, she is running a consulting and accounting company EMBIKO, providing services in the area of accounting, tax advice, consulting and audit of financial statements for Polish and foreign companies.

Tycjan Bielecki – independent member of the Supervisory Board

Graduate of master’s studies of the Warsaw School of Economics. Manager with 18 years of experience in international management, gained in leading financial market organizations, in the areas of credit risk and the development of credit activity and innovations.

In 1999-2000 he worked as a regional analyst for new strategic projects at the European headquarters of the holding company Textron Ltd (London). In 2001-2007 he was employed at Bank Handlowy w Warszawie S.A. (Citigroup) performing functions from Management Associate to Structured Trade Finance Product Director.

In 2007-2009 he worked for Moody’s Investors Service in the area of ​​credit rating products in the EMEA region, including responsibility for supervising ratings for structured products in the Central and Eastern Europe region (16 countries). He was also a co-ordinator of the cooperation of the credit rating agency with the Midroog subsidiary.

Since 2009 he has been working within the structures of Deutsche Bank Polska S.A. as director of a number of departments within the credit risk area, responsible for risk management of models (construction and validation), implementation, certification and ongoing support of advanced capital requirement methods, the process of measuring portfolio impairment, integrated risk assessment, as well as stress tests. His tasks also include bank supervision over control and certification processes carried out by banking sector supervision authorities (KNF, BaFin, ECB). He also performed supervisory functions over M&A processes conducted by the Deutsche Bank group.

Przemyslaw Kolodziej – independent member of the Supervisory Board

Graduate of master's studies of the Faculty of Law and the Faculty of Management and Marketing at the Adam Mickiewicz University in Poznan, as well as postgraduate studies in Banking Law at the Adam Mickiewicz University in Poznan. Currently a PhD student at the same university. A lawyer with more than 10 years of professional experience, specialist in the field of capital market law.

In 2009-2011 he worked at BZ WBK Brokerage House in Compliance Advisory department, where he dealt with legal and compliance advisory. Since 2011 he is employed at Trigon Brokerage House, initially as Compliance Officer, currently as Compliance-Legal & Risk Management Manager. Since 2012 he fulfills also the function of the President of the Management Board of BondTrust–Polish Custody Society PLC.