MAIVE RUTE is Deputy Governor of the Bank of Estonia. As the national central bank, the Bank of Estonia is part of the eurosystem which governs the European common currency euro together with the European Central Bank in Frankfurt. As Deputy Governor, Maive Rute participates in the strategic as well as in the daily management of the Bank. She also leads the Bank’s work on green and sustainable finance and promotes technological innovation in the financial sector (FinTech and RegTech). She is Board Member of the Estonian Financial Supervision Authority and of the Statistics Estonia government agency.
Between April 2005 – September 2019, Maive Rute hold several top management positions in the European Commission, Brussels. She began her career as Director for Entrepreneurship and Small Business policy in the department for industry and SMEs. She then moved in 2009 to the Directorate-General dealing with innovation and research policy and European research funding (Horizon 2020) where she first worked as Director for Biotechnology research and later as Resource Director. In 2016, she became Deputy Director-General in the Commission’s in-house science service Joint Research Centre where her responsibilities spanned from energy, transport and climate research to JRC site development.
Having graduated as an economist from the Estonian University of Life Sciences, Maive Rute holds an MBA from Danube University in Austria and a Masters in international politics from CERIS, Belgium. In 2012 – 2013 she spent a year as Fellow at the Weatherhead Center of Harvard University.