Members of Government
Sinisa Mali
Deputy Prime Minister and Minister of Finance
Born in 1972 in Belgrade. He completed his primary and secondary school education – the Fifth Belgrade Gymnasium in Belgrade. He graduated from the Faculty of Economics of the University of Belgrade, where he also obtained his master’s degree. During his undergraduate studies, he was awarded the valedictorian honour, and upon completion of his studies, he received an award for the best graduation thesis.
In 1999, as a Ron Brown scholar, he obtained his master’s degree at the 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 student of the 6th class, he graduated from the Security and Defence College and obtained the highest level of career training in the Army of the Republic of Serbia.
In September 2020, he enrolled in doctoral studies at the Technical University in Kosice, Slovakia, where he attended the "Finance" study programme. In August 2022, he passed the so-called "dissertation exam" which approves the topic for the doctoral thesis. In June 2023 he defended the PhD thesis entitled “The Flypaper Effect in the Republic of Serbia”.
He holds the title of Chartered Financial Analyst (CFA) and is a member of CFA Institute, Serbian Business Angels Network, Fulbright Alumni Association of Serbia and British-Serbian Business Club.
In November 2020, he passed the exam in the field of alternative investment management, which earned him the title of Chartered Alternative Investment Analyst (CAIA), which is awarded by the eminent world CAIA Association.
He also holds a portfolio manager's licence, issued by the Securities Commission of the Republic of Serbia.
He was the 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 the mayor, he served as the Special Adviser for the Economic and Financial Affairs of the then First Deputy Prime Minister Aleksandar Vucic.
Prior to that, he worked as a private sector financial advisor, where he was engaged by several private companies, specialising in the field of provision of financial advisory services. He was engaged as a consultant at Deloitte & Touche, in Belgrade and Prague, where he specialised 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 Privatisation at the Ministry of Economy and Privatisation of the government of the Republic of Serbia. At the end of that year, he moved to the Privatisation Agency, where he served as the Director of the Centre for Tender Privatisation. He remained in this position until the end of 2003.
He first came to the position of Minister of Finance in May 2018, as a renowned financial expert, who had worked for the largest and most prominent consulting companies in the world, but also as mayor, who initiated and implemented a comprehensive programme 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.
He was elected Minister of Finance for the second time in October 2020. In November 2020, he was appointed National Coordinator of the Republic of Serbia for cooperation of the Republic of Serbia within the mechanism of cooperation between the People’s Republic of China and Central and Eastern European countries, as well as President of the Serbian part of the Mixed Intergovernmental Commission for Trade and Economic Cooperation with the People’s Republic of China.
He is the Chairman of the Joint Committee for Cooperation with the United Arab Emirates, and he is also the Governor of Serbia in the World Bank and the Asian Infrastructure Investment Bank.
He is the President of the Coordination Body for the Prevention of Money Laundering and Terrorist Financing. He is also the President of the Coordination Body for the Suppression of the Gray Economy. He is a member of the Council for Economic Development.
He received the “Najevropljanin 2014” (the Best European in 2014) award 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 day Taekwondo black belt for the contribution to the overall development of sports. He is a regular participant in marathon races, including the marathons in Athens, Berlin, Budapest and London.
He is fluent in English, uses Greek language and is learning Chinese.
He is the father of Teodor, Viktor and Lola.
