Dr. Mehmet Sercan Arslan is Director General of the Banknote Printing Plant of the Republic of Türkiye. He has nearly 20 years of experience in public service and central banking, including senior leadership roles at the Central Bank of the Republic of Türkiye, most recently as Director General of Strategy and Corporate Governance.
He holds a Ph.D. in Economics, an MPP from the University of Chicago Harris School of Public Policy, an MBA from Middle East Technical University, and a BSc in Industrial Engineering. Earlier in his career, he worked in Türkiye’s defence and energy sectors in technical and managerial roles. An alumnus of the University of Oxford’s Strategic Leadership Programme, his expertise includes central banking, banknote production, strategic governance, and public sector transformation.
Petar Chobanov is Deputy Governor of the Bulgarian National Bank, responsible for the Banking Department, and a Member of the Governing Council. He began his career as a Chief Expert Analyst at the Bulgarian National Bank, previously served as Minister of Finance of Bulgaria (2013–2014) and held roles in the National Assembly, including on the Budget and Finance and Education and Science Committees. Before that, he was Chairman of the Financial Supervision Commission (2009) and Executive Director of the Agency for Economic Analysis and Forecasting (2005).
Alongside his public service, he has been an Associate Professor since 2013, teaching subjects including international finance, monetary theory and policy, systemic risk and financial markets. He holds a master’s degree in Macroeconomics and a PhD in Finance, Money Circulation, Credit and Insurance, and has completed training with the IMF, Joint Vienna Institute, and the US Department of State’s International Visitor Leadership Program.
Victoria Cleland is the Chief Cashier, Senior Advisor to the Governors and chair of the Retail Payments Infrastructure Board (RPIB). She leads work on: • making sure banknotes have the latest anti-counterfeiting technology, so that people can have confidence that the notes they use are genuine; • making sure there are enough high-quality banknotes in circulation, working closely with financial institutions, suppliers and retailers; and • making sure holders of Scottish and Northern Ireland notes are protected if a commercial banknote issuer defaults. • the Bank’s contribution to delivering the National Payments Vision, including inputting on retail payments strategy, as a member for the National Payments Vision Delivery Committee and Chair of the Retail Payments Infrastructure Board. Victoria is a member of the Bank for International Settlement’s Committee on Payments and Market Infrastructures and Cross-Border Payments Co-ordination Committee.
Her previous roles include Executive Director for Payments, Deputy Head of the Special Resolution Unit, Private Secretary to the Deputy Governor, and positions relating to financial market infrastructure and the financing of small businesses in the UK. Victoria is the executive sponsor of our staff disAbility Network, a director of the Business Disability Forum and an ambassador for the charity Sense. She has a BA in philosophy, politics and economics from the University of Oxford, and an MBA from Imperial College London.
Mónica Fernandes joined Banco de Portugal in 2000 to monitor the quality of the euro banknotes produced for Banco de Portugal and was appointed Head of the Quality and Counterfeit Analysis Division of the Issue and Treasury Department in 2017.
The Division oversees the monitoring and acceptance of euro banknote production for Banco de Portugal, conducts quality control of banknote sorting, analyses counterfeit euro banknotes and coins, performs IBNS testing, develops training materials, and conducts studies on euro banknotes and coins.
Additionally, she represents Banco de Portugal on Eurosystem working groups focused on euro banknote production and quality.
Stefan Hardt has served as Director General Cash Manager at Deutsche Bundesbank since 2015. Prior to this, he was President of the Regional Office for Rhineland-Palatinate and Saarland, a position he held from 2010.
He began his career with an apprenticeship in banking before studying business administra-tion at the University of Deutsche Bundesbank, where he graduated with an advanced bank-ing diploma.
Michael holds a Diploma in Organic Chemistry from Christian Albrechts University in Kiel, Germany, where he gained a PhD in Organic Synthesis and worked as a Scientific Assistant from 1994 to 1996.
In 1997, Michael became R&D Manager at the Consortium for Electrochemical Industry (Central Research Company of Wacker Chemie AG) in Munich and took over responsibility for the development of organic effect pigments for coatings, paints and (security) printing inks.
In 1999, he was appointed Laboratory Head Technical Marketing at Wacker Chemie AG in Burghausen, where he overlooked business development and product management for organic effect pigments for security printing, cosmetics and automotive coatings.
Michael then joined the security ink specialist SICPA in 2005, heading their operations in Germany as Managing Director, and in 2010 became responsible for Western Europe and Canada as well, as Regional Business Director Banknote.
Since January 2019 Michael has been Managing Director of Orell Füssli’s security printing division.
Lior joined the Bank of Israel in 1995 and brings 25 years of varied central banking experience. During his first 12 years at the Bank, Lior served as an Economist in the Banking Supervision Department, performing various roles towards the public and Israeli commercial banking system.
In November 2007, he took over the issuance of banknotes, coins and commemorative coins. In this role, he headed Israel’s New Series of Banknotes project and was responsible for the budget, planning, design, security concept, selection of suppliers, materials and security features, printing, and all other production steps, as well as legal aspects, logistics, launch and information campaigns. During this project, Lior acquired extensive expertise in banknote printing, including all related technical aspects and intricacies. The successful launch of all four denominations (NIS20, NIS50, NIS100 and NIS200) was completed in late 2017. The banknotes were internationally recognised and rewarded for high standards of security, innovation and accessibility.
Lior is a member of the management team of the Currency Department and also has responsibility for R&D of new products, and for maintaining and establishing both domestic and international relationships with state institutions, police and law enforcement authorities, suppliers, and other central banks.
Lior completed his academic studies in Israel, graduating with honours. He holds a first and second degree in Business Administration.
Dieter studied Physics at the University of Tübingen and the University of Stuttgart. From 1996 to 2000, he worked as a Scientific Assistant at the Institute for Nonmetallic Inorganic Materials, University of Stuttgart and joined the Bundesdruckerei GmbH, Berlin as a Project Manager, Research & Development Division in 2000, becoming Product Manager, Process Engineering at Robert Bosch GmbH, Reutlingen in 2002.
Between 2005 and 2006, Dieter worked as a Patent Coordinator in the Banknote Printing Division of Giesecke & Devrient GmbH, München. In 2007 he took over as Regional Sales Director of the Southern & Eastern Africa Banknote Printing Division.
From 2011 to 2018, Dieter was Head of Research & Development at Orell Füssli Security Documents Ltd, Zurich. He also was appointed Head of Security Printing Division and Chief Technology Officer of the Orell Füssli Group on 1 April 2014.
Dieter took over as Chairman of Intergraf's Committee of Experts in October 2016. In 2019, he became Vice President & General Manager of the Business Unit Value Printing at the Bundesdruckerei GmbH, Berlin.
Doris Schneeberger has been the Director Banknotes at the European Central Bank in Frankfurt since February 2022. From 2015 to 2022, she was the Head of the Currency Management Division within the Directorate Banknotes at the ECB. Before joining the ECB, Doris held various roles at the Oesterreichische Nationalbank.
Carl Schwartz is Head of Note Issue at the Reserve Bank of Australia, where he leads the department responsible for Australian banknote production, distribution, quality and security. He works closely with regulators and industry stakeholders on initiatives that support a secure, efficient and resilient cash distribution system.
Before taking on this role, Carl has held senior leadership positions across all major policy areas of the RBA, including financial markets, payments and economics. He has also served as a financial stability adviser at the Federal Reserve Bank of New York, led the RBA’s New York office, and held a senior leadership role in the RBA’s financial stability department during and after the global financial crisis.
Glenn Scott was appointed Program Director for the Central Bank Counterfeit Deterrence Group (CBCDG) in 2022 and combines his technical, business, and interpersonal skills to drive technical solutions to fight against the digital counterfeiting of banknotes. As part of his current responsibilities, he collaborates with stakeholders to respond to emerging threats, while continually enhancing CBCDG products and services, and expanding market reach.
Prior to this, he worked at the European Monetary Institute and the Bank of England before joining the European Central Bank (ECB) in 1998. During his time at the ECB, Glenn held a range of predominantly IT-focused roles, including lead project manager, Deputy Head of Division, and Head of the Infrastructure & Operations Services Division from 2018 to 2022.
Rachel Stephens is a Document Analyst in the Counterfeit Forensics Section of the Criminal Investigative Division of the United States Secret Service. With over 10 years of forensic and industry experience, she specialises in forensic document examination and instrumental analysis of genuine and counterfeit U.S. currency.
Rachel provides expert guidance and training to law enforcement, commercial banks and central banks worldwide. She holds a bachelor’s degree in forensic science from Hofstra University and a Master of Forensic Science from the George Washington University.
Frank Vannerom holds a Bachelor’s degree in Graphic Sciences as a Graphic Engineer from Artesis Hogeschool Antwerpen in Turnhout. He has been with the National Bank of Belgium since February 1994, bringing over 32 years of experience in the field of banknote production and analysis. Over the course of his career, he has held several key positions, including First Printer, Head Conductor, and Printing Supervisor, working across multiple printing techniques such as offset, screen, foil, intaglio, and varnish. Since January 2020, he has been serving as Senior Currency Analyst Expert within the Currency Expertise Center, following the closure of the Printing Works, where he also contributes as an R&D expert.
Frank has led teams and managed complex printing operations, particularly in the production of euro banknotes. His responsibilities have included overseeing machine operations, ensuring compliance with ISO and OHSAS standards for quality and security, supervising the full printing process from setup to final delivery, and maintaining clear communication between technical teams and management. In addition, he is an active member of the RRC Users group and contributes to the Banknote Materials Committee, reflecting his ongoing involvement in industry collaboration and innovation.
Kathleen is a member of the Federal Reserve Bank of San Francisco Executive Leadership Team, the Federal Reserve Financial Services Leadership Team, and the Advanced Counterfeit Deterrence Steering Committee. She leads the team supporting 28 Reserve Bank Cash offices, overseeing cash supply chain strategy, banknote processing technology, and national vault inventory and distribution management. Her team also leads the NextGen Program, modernising cash processing systems that handle nearly 30 billion notes annually.
Kathleen joined the Federal Reserve Bank of San Francisco in 2012, building cross-functional expertise across local and national IT roles before joining the FedCash leadership team in 2016. She began her career in operations management within Federal Reserve Financial Services.
Yvonne de Lint is Deputy Managing Director of the Currency Function at the Bank of Canada, a position she has held since 2012. A member of the Strategic Leadership Team, she provides executive leadership for the full lifecycle of Canadian bank notes, including the bank note issuance program, strategic relations, and organizational performance.
In this role, she strengthens strategic partnerships, advances stakeholder engagement, and provides governance and oversight for the issuance of new bank notes. Her portfolio includes strategic relations, counterfeiting expertise, and project leadership to ensure the Currency Function delivers on its mandate with integrity and measurable impact.