(20 September 2016 – Australia) Australia’s central bank has announced that it will be restructuring its senior management unit.
Amid the changes at the Reserve Bank of Australia (RBA) is the retirement of assistant governor, Malcolm Edey, who has been with the RBA for almost 40 years. His role will be assumed by Michelle Bullock.
Further changes include the current assistant governor, economic, Christopher Kent being appointed to assistant governor, financial markets; a role made vacant following Guy Debelle's appointment as deputy governor.
Commenting on Edey's retirement, the Governor, Philip Lowe said, “Malcolm epitomises what it means to be a dedicated public servant.”
He has provided wise counsel to the Reserve Bank's two boards over many years. He is respected internationally and domestically for his extensive knowledge in a broad range of economic fields and for his tireless work as one of Australia's representatives on the Basel Committee. He will be sorely missed by bank staff and his peers in the financial community.”
The central bank will be recruiting externally for two roles; assistant governor, economic and assistant governor, business services, which have been left vacant by the reshuffle.
Until replacements are appointed, Kent will continue to in his current while the bank’s head of international department Chris Ryan will serve as acting assistant governor, financial markets.