The MNB appointed a supervisory commissioner to the Matolcsy Quartz Asset Management because the CEO was arrested

The Hungarian National Bank appointed a supervisory trustee for Quartz Investment Fund Management due to the CEO's inability to perform duties amid legal issues. The CEO, Mihály Valkó, was arrested alongside others, impacting the company's compliance and operations. The investigation focuses on a contract related to the management of the MNB foundation's assets. The new leadership of the bank terminated the contract and filed a report. Meanwhile, István Száraz's connections to Quartz have diminished, with Matolcsy Ádám acquiring a stake in the firm.