[1] Prior to becoming Governor of the Central Bank of Iceland, Már served from 2004 to 2009 as Deputy Head of the Monetary and Economics Department and member of Senior Management of the Bank for International Settlements (BIS), during which time he also served on the Council of Management of SUERF - The European Money and Finance Forum.
Other responsibilities include being chairman of a committee formulating energy policy for the City of Reykjavik, 2002–04.
Chairman of the Board Directors of "Söfnunarsjóður lífeyrisréttinda" (one of the biggest pension funds in Iceland), 1989–91.
[2] Már is considered a leading proponent of the Central Bank's monetary policy strategy of an inflation target and floating exchange rates adopted in March 2001.
Since July 2009, he has been influential in charting a course for the Icelandic economy out of the present economic and financial crisis.