Mr Ján Tóth received his master's degree from the Faculty of Management at Comenius University in Bratislava. He completed an extensive part of his studies in the United States, where he was awarded a B.B.A., magna cum laude, from the W. Barton School of Business at Wichita State University and a master's degree in economics from The Ohio State University (OSU). He then passed field exams in monetary economics, macroeconomics and international economics. As a teaching assistant at OSU, he lectured on microeconomics and macroeconomics.
Mr Tóth returned to Slovakia to join Tatra banka (a member of Austrian Raiffeisen group) as a research economist and strategist. He became the bank's Chief Economist and Strategist in July 1998 and was a member of the Assets-Liability Committee (ALCO). In April 1999 he was hired by ING Bank (former ING Barings), where he spent almost ten years as Chief Economist and Head of Research for the Slovak Republic (with additional responsibility for the Czech Republic during 2002-2003). He was a member of ALCO. In 2003 Mr Tóth was promoted to Director and thus joined the bank's top management team in Slovakia. In 2009 he took up the post of Chief Economist and Head of Market Research and Strategy at UniCredit Bank. He served on ALCO as well as on the bank's Executive Management Committee. In September 2010 he was recruited to the Ministry of Finance to head its research arm, the Institute for Financial Policy (IFP). As the Ministry's Chief Economist and Director of the IFP, Mr Tóth was responsible for the official macroeconomic and tax revenue forecasts of the Slovak Government. He was also a member of the Debt and Liquidity Management Committee at the Ministry, a member of Economic Policy Committee (EPC) at the OECD and a member of the EPC's Working Group on Short-Term Economic Prospects (STEP).
Mr Tóth has completed several training programs at the IMF Institute in Vienna, in the fields of macroeconomics, public finance, financial markets, and monetary policy. He has also attended numerous executive finance courses at the International Center for Monetary and Banking Studies in Geneva as well as financial courses at the Czech Financial Academy in Prague.
Mr Tóth is a member of the Scientific Board of the Faculty of Management at Comenius University in Bratislava and a member of the Administrative Council of the Slovak Academic Ranking and Rating Agency. Up until his appointment as NBS Deputy Governor, he served as Chairman of the Slovak Association of Economic Analysts (KEA). While working in the private sector, he was also a member of two committees of the Slovak Finance Ministry: the Committee for Macroeconomic Forecasting and the Committee for Tax Revenue Forecasting. Between 2003 and 2008 he lectured on Economic Policy in Slovakia at the Department of Economics and Finance of Comenius University's Faculty of Management.
On 5 November 2012, the President of the Slovak Republic appointed Mr Tóth as Deputy Governor of the National Bank of Slovakia. Mr Ján Tóth is an Alternate Governor in the World Bank Group.
Mr Tóth is fluent in English and has a working knowledge of German, French and Russian.