Reserve Bank deputy governor to depart - replacement announced

He has a wealth of leadership experience in public and private sectors

Reserve Bank deputy governor to depart - replacement announced

The Reserve Bank of New Zealand (RBNZ) has appointed Christian Hawkesby as its new deputy governor, replacing Geoff Bascand.

Hawkesby is currently the assistant governor and general manager of economics, financial markets, and banking at the RBNZ.

In January 2022, he will step into the role of deputy governor as Bascand leaves the central bank after eight years. He will also take over leadership of the Financial Stability functions from early 2022.

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The deputy governor role is an appointment of the Minister of Finance, made on the recommendation of the RBNZ Board (which includes the RBNZ governor) in line with the provisions of the RBNZ Act 1989.

Governor Adrian Orr commented that he is thrilled to have Hawkesby’s leadership, capability, and experience in such a critical role.

“Mr Hawkesby has a wealth of leadership experience in both the private and public sector, and he has deep experience of central banking, including financial stability. He is very well-regarded and will be instrumental in continuing to shape Te Pūtea Matua, ensuring we’re delivering on our role as kaitiaki (guardian) of the financial system,” Orr said.

Hawkesby will also remain a member of the Monetary Policy Committee. However, a replacement will be appointed in due course.

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