Michele Bullock has been appointed as the new deputy governor of the Reserve Bank of Australia.
Bullock will replace retiring deputy governor Guy Debelle.
She joined the Australian central bank in 1985 as an analyst.
Michele Bullock has been appointed as the first female deputy governor of the Reserve Bank of Australia (RBA) in its 62-year history. Bullock will replace retiring deputy governor Guy Debelle. She will serve the RBA for a period of five years. She will take up the role immediately.
On her appointment, Bullock said, “I am honoured to be appointed Deputy Governor of the Reserve Bank of Australia and excited by the opportunity to serve the people of Australia in this new role.”
Bullock’s career profile
The new RBA deputy governor joined the Australian central bank in 1985 as an analyst. She had been serving as an assistant governor of the central bank since 2010 and has held a number of senior positions during her career.
Michele Bullock currently is the Assistant Governor (Financial System) at the RBA. In this role, she is responsible for the Bank's work on financial stability, including the production of the twice-yearly Financial Stability Review, as well as the Bank's oversight of payments systems.
Earlier, she has also served as an assistant governor of business services with oversight of the central bank’s operational businesses, including note issues, payments settlements and banking.
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Reactions on appointment
Commenting on the development, Treasurer Josh Frydenberg said, “The Morrison Government looks forward to working with Ms Bullock and thanks Mr Guy Debelle for his outstanding contribution to the RBA over nearly three decades, including the last six years as deputy governor.”
RBA Governor Philip Lowe said, “I warmly congratulate Michele on her appointment as Deputy Governor of the Reserve Bank of Australia. Michele brings a wealth of experience to the position. She has played a leading role in the Bank's work on financial stability and has a well-deserved international reputation for her work on payments systems. Michele also brings considerable management experience to the role and I look forward to working with her.”
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