Jozef Makúch was born on 26 August 1953 in Podhájska, Slovakia (then in Czechoslovakia).
In 1976 he graduated from the University of Economics in Bratislava, after studying at the Finance Department of the National Economy Faculty. In 1985 he completed his postgraduate studies.
In July 1976 Mr Makúch joined the Czechoslovak State Bank as a Loan Inspector at its Bratislava Branch. In 1978 he moved into academia at the University of Economics in Bratislava, as an Assistant Professor at the Finance Department of the National Economy Faculty. He was made an Associate Professor in September 1989 and served as Dean of the Faculty from 1991 to 1994. From January 1993 to December 1996 he was a Member of the Bank Board of Národná banka Slovenska (NBS). In February 1994 he took up the post of Executive Director of the NBS Research Section. In November 2000 Mr Makúch was appointed Chairman of the Financial Market Authority (Úrad pre finančný trh - ÚFT), and from April 2002 to December 2005 he served as Chairman of the ÚFT Board of Directors.
As Chairman of the ÚFT Board of Directors he was responsible for managing and coordinating supervision of the capital market, insurance and pension sectors. He represented Slovakia at the Committee of European Securities Regulators (CESR) as well as at the International Association of Insurance Supervisors (IAIS).
During his professional life, Mr Makúch has attended several courses for top banking and monetary policy officials, organised by such institutions as the IMF, the World Bank, and various central banks. He has also lectured at conferences both in Slovakia and abroad.
Mr Makúch is a member of the academic councils of the University of Economics in Bratislava (EUBA), the National Economy Faculty of EUBA, the Economics Faculty of the University of Economics in Prague, and Matej Bel University in Banská Bystrica, as well as being a member of the Administrative Council of Comenius University in Bratislava. He also sits on the editorial boards of Biatec (a banking and economics journal published by NBS), Účtovníctvo, audítorstvo, daňovníctvo (a journal on accounting, auditing and taxation), the journal of the Central Bank of Montenegro: Journal of Central Banking Theory and Practice, the scientific journal published by the Finance Faculty of Matej Bel University Acta aerarii publici and Acta Oeconomica Pragensia (a scientific journal published by the University of Economics in Prague). He is the author of numerous professional works published in Slovakia and abroad (including textbooks, monographs, and research papers).
Mr Makúch was reappointed a Member of the NBS Bank Board as from 1 January 2006 and became an NBS Executive Director on 1 February 2007.
Mr Makúch was appointed Governor of Národná banka Slovenska with effect from 12 January 2010, and he was subsequently reappointed to a second term beginning on 12 January 2015.
As NBS Governor, Mr Makúch is a member of the ECB Governing Council, a Member of the General Board of the European Systemic Risk Board, a Governor of the International Monetary Fund and an Alternate Governor of the European Bank for Reconstruction and Development.
He speaks English and has a passive knowledge of German and Russian.
He is married with three children.