© Reuters. FILE PHOTO: Pedestrians stroll previous the primary entrance to the Reserve Financial institution of Australia constructing in central Sydney, Australia, October 3, 2016. REUTERS/David Grey/File Picture
SYDNEY (Reuters) – Australia on Monday appointed the Financial institution of England’s (BoE) Andrew Hauser as the brand new deputy governor of the Reserve Financial institution of Australia (RBA), filling a place that had been vacant since Michele Bullock was elevated to the highest position in late September.
Hauser, who presently serves as the chief director at markets on the BoE, is anticipated to start out earlier than the primary RBA board assembly subsequent 12 months.
“I am humbled and deeply honoured to be asked to serve as the RBA’s next Deputy Governor,” mentioned Hauser, who has over 30 years of expertise on the BoE and a masters’ diploma from London College of Economics.
“I look forward to working closely with Michele Bullock, her senior team and the talented staff of the RBA to serve the Australian people, and to make a reality of the recommendations in the RBA Review.”
Governor Bullock welcomed the appointment.
“I warmly congratulate Andrew on his appointment…He has great experience and will bring a welcome external perspective to the Bank and the Reserve Bank Board.”
