Ferenc Karvalits graduated from the Budapest University of Economics in 1988, and later worked there at the Department of Finance as a lecturer and researcher. In 1990 he started his banking career and from 1996 he was the head of Banking Relations at the National Bank of Hungary. From 1998 to 2001 he worked as the managing director of the National Bank of Hungary and member of the Board. After that he was the deputy CEO of Wallis Zrt. until 2002. Between 2002 and 2005 – while still a member of the Board at Wallis Zrt. – he was the co-CEO of CIB Bank. In April 2005 he was appointed president of FHB Bank. From 2007 to 2013 he worked as the deputy president of MNB responsible for monetary policy and reserve management, and member of the Monetary Council. From 2013 he has been the director of strategy at Wallis Asset Management Zrt. and – at the same time – from 2014 he has participated in the management of Venturio VC Fund Management Co. ,then PERION VC Fund Management Co. as a strategic advisor, and later as a member of these Boards.