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Two appointments complete Reserve Bank’s leadership team

BusinessDesk report by Rebecca Howard
Simone Robbers and Christian Hawkesby will round out the Reserve Bank’s senior leadership team, joining as assistant governors, said RBNZ governor Adrian Orr today.

Late last year Orr announced he was creating a new senior leadership team. The team has seven positions, including the central bank governor, versus the prior senior management group with 13.

Robbers, currently with the Financial Markets Authority, will take up the new role of assistant governor and general manager of governance, strategy and corporate relations on Feb 18. She will be responsible for the bank’s strategic planning and performance, communications, legal, risk and audit teams, and the board secretariat.

The strategic planning and performance unit is new and will be responsible for ensuring world-class benchmarks are identified, measured and managed across all aspects of the Bank’s activities.

“The role will ensure bank-wide strategies and relationship management have central coordination, such as our Te Ao Maori strategy, our climate change strategy, and the many regional and international relationships we must manage in the normal course of business,” said Orr. Robbers was director of strategy, risk and assurance at the FMA and has also worked with the Securities Commission.

Hawkesby is leaving Harbour Asset Management. He will take up the new role of assistant governor and general manager of economics, financial markets and banking on March 18.

He will be responsible for monetary policy formulation and research; monetary policy implementation and liquidity management, and foreign reserves management; and all matters relating to currency creation and distribution, including responsibility for the management of the payment and settlement system.

“Bringing these activities together provides end-to-end management of all of the monetary policy activities of the bank, from currency creation and distribution through to the setting of the Official Cash Rate to meet the Bank’s monetary policy and currency mandates,” said Orr.

Prior to taking the role, Hawkesby was part of the team that set up Harbour Asset Management. He also spent nine years at the Bank of England.

The new structure announced in November saw the departure of Sean Mills, head of operations, Mark Perry, head of financial markets, and Klarissa Plimmer, chief information officer.

John McDermott accepted a role as chief economist and a department head, but has since left the bank to join the economic research institute Motu as an executive director. Bernard Hodgetts, head of macro-financial, was to leave at the conclusion of his secondment to Treasury for its review of the Reserve Bank.

Press Release – Reserve Bank
Simone Robbers and Christian Hawkesby will join the Reserve Bank of New Zealand as Assistant Governors, Governor Adrian Orr announced today. Their appointments complete the Reserve Bank’s new Senior Leadership Team structure announced in 2018.

Ms Simone Robbers will take up the new role of Assistant Governor and General Manager of Governance, Strategy and Corporate Relations on 18 February.

Under Simone’s watch will be the Bank’s strategic planning and performance, communications, legal, risk and audit teams, and the Board secretariat. The strategic planning and performance unit is new and will be responsible for ensuring world class benchmarks are identified, measured and managed across all aspects of the Bank’s activities.

“The role will ensure Bank-wide strategies and relationship management have central coordination, such as our Te Ao Maori strategy, our climate change strategy, and the many regional and international relationships we must manage in the normal course of business,” Mr Orr said.

“Simone brings with her a wealth of public and private sector experience, most recently successfully managing the role of Director of Strategy, Risk and Assurance at the NZ Financial Markets Authority, as well as previous experience with the Securities Commission and in the private sector in banking and wealth management, and legal firms. We are privileged to have Simone join us.”

“It is also a great privilege to work beside the first two female Governors in the history of the Reserve Bank of New Zealand, with both Simone Robbers and Lindsay Jenkin (Assistant Governor / General Manager People and Culture) in the newly-formed Senior Leadership Team,” Mr Orr said.

Christian Hawkesby will take up the new role of Assistant Governor and General Manager of Economics, Financial Markets and Banking on 18 March.

Under Christian’s watch will be monetary policy formulation and research; monetary policy implementation and liquidity management, and foreign reserves management; and all matters relating to currency creation and distribution, including responsibility for the management of the payment and settlement system.

“Bringing these activities together provides end-to-end management of all of the monetary policy activities of the Bank, from currency creation and distribution through to the setting of the Official Cash Rate to meet the Bank’s monetary policy and currency mandates. Combining these efforts will create more depth of experience, and generate opportunities for innovation,” Mr Orr said.

Christian brings with him a wealth of public and private sector experience. Most recently Christian has been operating in the competitive asset management industry as a senior member of the Wellington-based Harbour Asset Management team. Christian, who worked at the Bank as a graduate early in his career, has significant experience in central banking, particularly at the Bank of England.

Christian worked as Head of Market Intelligence for the Bank of England during the extremely trying time of the global financial crisis, charged with bringing together disparate teams to share insight into the banking system and financial markets more generally for key decision makers.

“It is a real privilege to have Christian return to the Reserve Bank of New Zealand,” Mr Orr said.

The Reserve Bank’s Senior Leadership Team is now complete as follows:

Mr Adrian Orr, Governor and CEO

Mr Geoff Bascand, Deputy Governor and Deputy CEO / GM Financial Stability

Ms Lindsay Jenkin, Assistant Governor / GM People and Culture

Ms Simone Robbers, Assistant Governor / GM Governance, Strategy and Corporate Relations

Mr Patrick Hoerler, Assistant Governor / GM Business Operations

Mr Mike Wolyncewicz, Assistant Governor / Chief Financial Officer, and

Mr Christian Hawkesby, Assistant Governor / GM Economics, Financial Markets and Banking.

Content Sourced from scoop.co.nz
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