# Jozef Tkáč
**Jozef Tkáč** (born 1950 in [Bratislava](https://www.edgepedia.org/bratislava)) is a Slovak financier who chairs the supervisory board of J&T FINANCE GROUP SE, a Prague-registered European joint-stock company ([Societas Europaea](https://www.edgepedia.org/societas-europaea)) holding the J&T group's banking business, and who holds 45.05% of its share capital.[1](https://or.justice.cz/ias/ui/rejstrik-firma.vysledky?subjektId=688797&typ=PLATNY) • [2](https://assets-eu-01.kc-usercontent.com/23883f12-8a12-01af-3f05-426faedce691/05d1e88a-bb92-4ccb-ad7a-b0289f8d7241/JTBanka_Pololetni_zprava_2026.pdf) He is the father of [Patrik Tkáč](https://www.edgepedia.org/patrik-tkac), who with Ivan Jakabovič founded the J&T brokerage in Slovakia in 1994, and who now chairs the group's board of directors.[3](https://assets-eu-01.kc-usercontent.com/8ae62810-8707-0157-c21d-cf3928cd6088/54a3492a-9b19-48ac-972e-235965d32f40/VZ%20JTFG%202025_ENG.pdf) • [4](https://spectator.sme.sk/business/c/jt-from-broker-to-banker) The e15/Hospodářské noviny rich list ranks Jozef and Patrik Tkáč fifth among Czech and Slovak wealth holders, at CZK 213 billion.[5](https://byznys.hn.cz/c1-67926410-kretinsky-kellnerova-strnad-a-ti-dalsi-do-aktualniho-zebricku-nejbohatsich-cechu-a-slovaku-se-dostalo-pet-novych-jmen)
| Key facts | Detail |
|---|---|
| Born | 1950, Bratislava[1](https://or.justice.cz/ias/ui/rejstrik-firma.vysledky?subjektId=688797&typ=PLATNY) |
| Current role | Chairman of the supervisory board, J&T FINANCE GROUP SE, since 24 June 2024[1](https://or.justice.cz/ias/ui/rejstrik-firma.vysledky?subjektId=688797&typ=PLATNY) |
| Ownership | 45.05% of J&T FINANCE GROUP SE; Jakabovič 35.15%, Rainbow Wisdom Investments 9.90%, Ašer and Kováč 4.95% each[2](https://assets-eu-01.kc-usercontent.com/23883f12-8a12-01af-3f05-426faedce691/05d1e88a-bb92-4ccb-ad7a-b0289f8d7241/JTBanka_Pololetni_zprava_2026.pdf) |
| Group scale | Assets under management EUR 26.5 billion (2025 figure) and balance sheet over EUR 17.9 billion (2024 figure)[6](https://www.jtbanka.sk/tlacove-spravy/skupina-jt-finance-group-se-uzavrela-rok-2024-so-ziskom-338-milionov-eur/) • [3](https://assets-eu-01.kc-usercontent.com/8ae62810-8707-0157-c21d-cf3928cd6088/54a3492a-9b19-48ac-972e-235965d32f40/VZ%20JTFG%202025_ENG.pdf) |
| Group profit | EUR 338 million in 2024 (+21%)[6](https://www.jtbanka.sk/tlacove-spravy/skupina-jt-finance-group-se-uzavrela-rok-2024-so-ziskom-338-milionov-eur/) |
| Flagship fund | J&T ARCH INVESTMENTS above CZK 200 billion under management at end-2025[3](https://assets-eu-01.kc-usercontent.com/8ae62810-8707-0157-c21d-cf3928cd6088/54a3492a-9b19-48ac-972e-235965d32f40/VZ%20JTFG%202025_ENG.pdf) |
| Wealth ranking | Fifth on the e15 Czech-Slovak list, CZK 213 billion[5](https://byznys.hn.cz/c1-67926410-kretinsky-kellnerova-strnad-a-ti-dalsi-do-aktualniho-zebricku-nejbohatsich-cechu-a-slovaku-se-dostalo-pet-novych-jmen) |
## Early career and the founding of J&T
Tkáč trained as an economist and joined the Main Institute of the State Bank of Czechoslovakia in Bratislava. In 1989 he was entrusted with preparing an investment bank in Slovakia; in 1990 he became chief director of the Main Institute for the Slovak Republic at Investiční banka, and after privatization he served as president of Investičná a rozvojová banka, a.s. (IRB) in Bratislava.[3](https://assets-eu-01.kc-usercontent.com/8ae62810-8707-0157-c21d-cf3928cd6088/54a3492a-9b19-48ac-972e-235965d32f40/VZ%20JTFG%202025_ENG.pdf)
The brokerage that became the J&T group was founded in 1994 by his son Patrik Tkáč and Patrik's former schoolmate [Ivan Jakabovič](https://www.edgepedia.org/ivan-jakabovic). The Slovak Spectator records that the two had relatively easy access to capital and contacts from the beginning because Tkáč's father Jozef headed the IRB state bank.[4](https://spectator.sme.sk/business/c/jt-from-broker-to-banker) SME's retrospective dates the founding of the limited company J&T Securities to 1994, with group building starting a year later as the portfolio grew.[7](https://www.sme.sk/index/c/vsetci-za-jedneho-kazdy-za-seba-ako-sa-rozpadla-jt-financna-skupina)
The group's building block came through Tkáč's state-bank position. According to the Czech investigative-history project Dějiny korupce, Jozef Tkáč acted on behalf of Patrik Tkáč and Ivan Jakabovič in purchasing a stake in the Creditanstalt investment fund from Bank Austria under a mandate agreement with the Investment Development Bank, financing the purchase with resources of the state investment bank; the fund became the Central European Joint Stock Company, described as the building block of the later J&T Group.[8](https://www.dejinykorupce.cz/en/others-prepared/) The same project notes that J&T never gained more than an eight per cent stake in the [Investment](https://www.edgepedia.org/investment) and Development Bank itself despite repeated efforts to control it.[9](https://www.dejinykorupce.cz/en/boom-of-jt/)
## Building the group: brokerage to banking and energy
J&T expanded from Slovakia into the Czech Republic in the 1990s. Its key step was the establishment of J&T Banka out of Podnikatelská banka, which had come under the forced administration of the [Czech National Bank](https://www.edgepedia.org/czech-national-bank) in 1996; J&T acquired a majority stake two years later, a deal backed by Patrik Tkáč's father Jozef.[9](https://www.dejinykorupce.cz/en/boom-of-jt/) The group's own history places the founding of J&T Securities in 1996 and the creation of J&T BANKA, a.s. in 1998 by acquisition of Podnikatelská banka.[10](https://www.jtfg.com/en) Slovak growth followed through the absorption of Istrokapitál and Poštová banka, after which Istrokapitál head Mário Hoffmann joined the partnership group.[9](https://www.dejinykorupce.cz/en/boom-of-jt/)
One of the firm's first large operations was the 1996 takeover of the Creditanstalt investment fund, which held stakes in 19 Slovak firms and 44 Czech firms with a nominal value of Sk579 million.[4](https://spectator.sme.sk/business/c/jt-from-broker-to-banker) Patrik Tkáč told the Spectator that from 1993 to 1998 J&T earned its first Sk500 million, which it used to buy a bank, and that the larger jump came later on the Czech energy market and the Russian capital market.[4](https://spectator.sme.sk/business/c/jt-from-broker-to-banker)
The energy turn produced the group's most consequential partnership: J&T and PPF signed an agreement forming the energy and industrial holding company EPH, the vehicle through which the two groups jointly invested in the energy sector.[11](https://www.epholding.cz/en/press-releases/jt-ppf-sign-agreement-forming-energy-industrial-holding-company/)
In 2013 the group separated its banking and non-banking activities, creating J&T PRIVATE EQUITY GROUP and the bank holding J&T FINANCE GROUP SE.[10](https://www.jtfg.com/en) A cross-border merger dated 23 September 2013 merged J&T FINANCE GROUP, a.s. of Bratislava into the new Societas Europaea registered in Prague.[1](https://or.justice.cz/ias/ui/rejstrik-firma.vysledky?subjektId=688797&typ=PLATNY) In the private-equity split, Patrik Tkáč was to own 19.9% of the Cyprus-based J&T Private Equity Group, while Ivan Jakabovič, Jozef Tkáč, Mário Hoffmann, Branislav Prieložný, Igor Rattaj, Peter Korbačka, and Martin Fedor were each to hold 9.9%, with Miloš Badida and Jarmila Jánošová at 5.4% each.[12](https://www.jtfg.com/en/press-releases/j3iwduuzcx-j-t-finance-group-spins-off-private-equity-investments-and-founds-j-t-private-equity-group)
## Role, ownership and governance
The commercial register shows Jozef Tkáč, residing in Bratislava, as chairman of J&T FINANCE GROUP SE's supervisory board from 24 June 2024; the 2025 annual report confirms him in that chair while Patrik Tkáč chairs the board of directors, with Ivan Jakabovič and Dušan Palcr as vice-chairmen.[1](https://or.justice.cz/ias/ui/rejstrik-firma.vysledky?subjektId=688797&typ=PLATNY) • [3](https://assets-eu-01.kc-usercontent.com/8ae62810-8707-0157-c21d-cf3928cd6088/54a3492a-9b19-48ac-972e-235965d32f40/VZ%20JTFG%202025_ENG.pdf) He has chaired the supervisory board of J&T Banka since 3 June 1998, with a term running to 15 October 2028, and Jakabovič has been vice-chairman there since the same date.[2](https://assets-eu-01.kc-usercontent.com/23883f12-8a12-01af-3f05-426faedce691/05d1e88a-bb92-4ccb-ad7a-b0289f8d7241/JTBanka_Pololetni_zprava_2026.pdf)
Ownership of the holding is concentrated: Jozef Tkáč 45.05%, Ivan Jakabovič 35.15%, Rainbow Wisdom Investments Limited 9.90%, and Štěpán Ašer and Igor Kováč 4.95% each.[2](https://assets-eu-01.kc-usercontent.com/23883f12-8a12-01af-3f05-426faedce691/05d1e88a-bb92-4ccb-ad7a-b0289f8d7241/JTBanka_Pololetni_zprava_2026.pdf) A 2017 filing with the Slovak Antimonopoly Office notified a merger giving CEFC Shanghai International Group, Ivan Jakabovič, and Jozef Tkáč joint control over J&T FINANCE GROUP SE in the financial and insurance activities sector; the office initiated administrative proceedings on the notification on 26 May 2017.[13](https://www.antimon.gov.sk/mergers-amo-sr-initiated-the-administrative-proceedings-in-the-matter-of-a-merger-of-cefc-shanghai-international-group-limited-ivan-jakabovic-jozef-tkac-and-j-t-finance-group-se/)
## By the numbers
The group's growth is measurable in assets under management and profit. At the end of 2024, assets under management stood at EUR 19.9 billion (+31%) and the balance-sheet total exceeded EUR 17.9 billion (+5%); the group closed 2024 with a profit of EUR 338 million (+21%), of which J&T Banka contributed EUR 250 million and 365.bank EUR 70 million.[6](https://www.jtbanka.sk/tlacove-spravy/skupina-jt-finance-group-se-uzavrela-rok-2024-so-ziskom-338-milionov-eur/) In 2025, assets under management grew 34% to EUR 26.5 billion, with fee income from managed assets up 71% to EUR 130 million; net trading income reached a record EUR 95 million and bond-issue income rose 19% to EUR 36 million on new issues of EUR 1.3 billion.[3](https://assets-eu-01.kc-usercontent.com/8ae62810-8707-0157-c21d-cf3928cd6088/54a3492a-9b19-48ac-972e-235965d32f40/VZ%20JTFG%202025_ENG.pdf)
The flagship fund scaled even faster. J&T ARCH INVESTMENTS closed 2024 at over EUR 4.8 billion, its shares the third-most-traded title of their category on the Prague Stock Exchange,[6](https://www.jtbanka.sk/tlacove-spravy/skupina-jt-finance-group-se-uzavrela-rok-2024-so-ziskom-338-milionov-eur/) and exceeded CZK 200 billion under management at the end of 2025, crediting Czech-crown investors with an annual return close to 16%.[3](https://assets-eu-01.kc-usercontent.com/8ae62810-8707-0157-c21d-cf3928cd6088/54a3492a-9b19-48ac-972e-235965d32f40/VZ%20JTFG%202025_ENG.pdf) J&T Banka itself earned a record EUR 268 million in 2025 (CZK 6.5 billion) with assets under management up 54% to EUR 16 billion.[14](https://www.jtbanka.sk/tlacove-spravy/jt-banka-dosiahla-roku-2025-rekordny-zisk-vo-vyske-268-milionov-eur-objem-obhospodarovaneho-majetku-narastol-16-miliard/) For an earlier benchmark, in 2006 the wider J&T group had almost €470 million in equity, earned over €85 million in profit, and employed over 10,000 people across its companies.[4](https://spectator.sme.sk/business/c/jt-from-broker-to-banker)
## Wealth and standing among Czech-Slovak tycoons
The e15/Hospodářské noviny ranking places Jozef and Patrik Tkáč fifth among Czech and Slovak wealth holders at CZK 213 billion, held in the J&T group and the EP holding, behind [Daniel Křetínský](https://www.edgepedia.org/daniel-kretinsky) (CZK 480 billion), [Renáta Kellnerová](https://www.edgepedia.org/renata-kellnerova) with family (CZK 405 billion), [Michal Strnad](https://www.edgepedia.org/michal-strnad) (CZK 347 billion), and Karel Komárek (CZK 252 billion).[5](https://byznys.hn.cz/c1-67926410-kretinsky-kellnerova-strnad-a-ti-dalsi-do-aktualniho-zebricku-nejbohatsich-cechu-a-slovaku-se-dostalo-pet-novych-jmen) Forbes Slovensko's 2025 list credits the family's profit of EUR 338 million as driven mainly by J&T Banka, which after the sale of 365.bank is the only bank in their holdings.[15](https://www.forbes.sk/lists/rebricek-najbohatsi-slovaci-2025/jozef-a-patrik-tkacovci/)
## Recent developments
The 2024–2025 period brought record results and structural change. The group agreed to sell its 98.45% majority stake in 365.bank, formerly Poštová banka and part of J&T since 2013, to Belgian KBC for approximately EUR 761 million (almost CZK 19 billion), with completion expected by the end of 2025.[16](https://www.deloitte.com/cz-sk/en/mnaport/articles/clanky-transakce/2025-q2/j-t-finance-group-proda-svj-vt-inovy-podil-ve-slovenske-365-bank.html) In 2025 the group launched specialized funds including J&T Defense (defense industry) and J&T Energy (energy and energy transition), the latter exceeding CZK 1 billion.[3](https://assets-eu-01.kc-usercontent.com/8ae62810-8707-0157-c21d-cf3928cd6088/54a3492a-9b19-48ac-972e-235965d32f40/VZ%20JTFG%202025_ENG.pdf) In December 2025 J&T ARCH INVESTMENTS applied a managed restriction on inflows of new investments, citing investor interest and the founding families' commitment to hold approximately half of the fund's capital.[3](https://assets-eu-01.kc-usercontent.com/8ae62810-8707-0157-c21d-cf3928cd6088/54a3492a-9b19-48ac-972e-235965d32f40/VZ%20JTFG%202025_ENG.pdf) In January 2026 the fund became the first fund on the Prague Stock Exchange to be traded continuously, and on 28 April 2026 the qualified investor fund J&T ARCH II was introduced, with a subscription period running to 1 July 2026.[3](https://assets-eu-01.kc-usercontent.com/8ae62810-8707-0157-c21d-cf3928cd6088/54a3492a-9b19-48ac-972e-235965d32f40/VZ%20JTFG%202025_ENG.pdf) • [2](https://assets-eu-01.kc-usercontent.com/23883f12-8a12-01af-3f05-426faedce691/05d1e88a-bb92-4ccb-ad7a-b0289f8d7241/JTBanka_Pololetni_zprava_2026.pdf)
## References
1. Veřejný rejstřík a Sbírka listin, J&T FINANCE GROUP SE. https://or.justice.cz/ias/ui/rejstrik-firma.vysledky?subjektId=688797&typ=PLATNY
2. J&T BANKA, a.s. Half-Year Financial Report to 30 June 2026. https://assets-eu-01.kc-usercontent.com/23883f12-8a12-01af-3f05-426faedce691/05d1e88a-bb92-4ccb-ad7a-b0289f8d7241/JTBanka_Pololetni_zprava_2026.pdf
3. J&T FINANCE GROUP SE Annual Report 2025. https://assets-eu-01.kc-usercontent.com/8ae62810-8707-0157-c21d-cf3928cd6088/54a3492a-9b19-48ac-972e-235965d32f40/VZ%20JTFG%202025_ENG.pdf
4. J&T: From broker to banker. The Slovak Spectator. https://spectator.sme.sk/business/c/jt-from-broker-to-banker
5. Do aktuálního žebříčku nejbohatších Čechů a Slováků se dostalo pět nových jmen. Hospodářské noviny/e15. https://byznys.hn.cz/c1-67926410-kretinsky-kellnerova-strnad-a-ti-dalsi-do-aktualniho-zebricku-nejbohatsich-cechu-a-slovaku-se-dostalo-pet-novych-jmen
6. Skupina J&T FINANCE GROUP SE uzavrela rok 2024 so ziskom 338 miliónov eur. https://www.jtbanka.sk/tlacove-spravy/skupina-jt-finance-group-se-uzavrela-rok-2024-so-ziskom-338-milionov-eur/
7. Všetci za jedného, každý za seba: ako sa rozpadla J&T. SME Index. https://www.sme.sk/index/c/vsetci-za-jedneho-kazdy-za-seba-ako-sa-rozpadla-jt-financna-skupina
8. Others who were prepared. Dějiny korupce. https://www.dejinykorupce.cz/en/others-prepared/
9. The boom of J&T. Dějiny korupce. https://www.dejinykorupce.cz/en/boom-of-jt/
10. J&T FINANCE GROUP SE, official website. https://www.jtfg.com/en
11. J&T and PPF sign an agreement of forming an energy and industrial holding company. EPH. https://www.epholding.cz/en/press-releases/jt-ppf-sign-agreement-forming-energy-industrial-holding-company/
12. J&T Finance Group spins off private equity investments and founds J&T Private Equity Group. https://www.jtfg.com/en/press-releases/j3iwduuzcx-j-t-finance-group-spins-off-private-equity-investments-and-founds-j-t-private-equity-group
13. MERGERS: AMO SR initiated administrative proceedings, CEFC / Jakabovič / Tkáč / J&T FINANCE GROUP SE. Antimonopoly Office of the Slovak Republic. https://www.antimon.gov.sk/mergers-amo-sr-initiated-the-administrative-proceedings-in-the-matter-of-a-merger-of-cefc-shanghai-international-group-limited-ivan-jakabovic-jozef-tkac-and-j-t-finance-group-se/
14. J&T BANKA dosiahla v roku 2025 rekordný zisk vo výške 268 miliónov eur. https://www.jtbanka.sk/tlacove-spravy/jt-banka-dosiahla-roku-2025-rekordny-zisk-vo-vyske-268-milionov-eur-objem-obhospodarovaneho-majetku-narastol-16-miliard/
15. Jozef a Patrik Tkáčovci, Najbohatší Slováci 2025. Forbes Slovensko. https://www.forbes.sk/lists/rebricek-najbohatsi-slovaci-2025/jozef-a-patrik-tkacovci/
16. J&T Finance Group to sell its majority stake in Slovakia's 365.bank. Deloitte M&A Portal. https://www.deloitte.com/cz-sk/en/mnaport/articles/clanky-transakce/2025-q2/j-t-finance-group-proda-svj-vt-inovy-podil-ve-slovenske-365-bank.html
---
*Topic: Encyclopedia › Society and history › Economics and business › Founders, operators, and investors › Business houses, family groups, and tycoons › European and North American dynasties › Banking, finance, and investment dynasties*
*Initially written Sep 19, 2026 · Reviewed: Sep 19, 2026 · Edited: Oct 11, 2026; Oct 12, 2026; Oct 15, 2026; Oct 25, 2026 · Last review: Sep 19, 2026*
*Copyright 2026 EdgeChat AI, a subsidiary of Biostate AI.*
License: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license