Westpac’s most senior economist is swapping the massive 4 financial institution for the Treasury.
Wednesday, March third 2021, three:31PM
Dominick Stephens, Westpac’s chief economist, is taking over a ten-month secondment because the New Zealand Treasury’s deputy secretary, chief financial advisor.
His final day on the financial institution is March 12.
Stephens will tackle the chief financial advisor’s obligations “for guaranteeing that Treasury’s coverage recommendation on lifting New Zealand dwelling requirements is supported and strengthened by sound financial concept and proof”.
He began out on the Reserve Financial institution earlier than becoming a member of Westpac in 2006. He turned chief economist in 2011, and has been a member of the financial institution’s sustainability steering committee.
Westpac’s GM for institutional and enterprise banking, Simon Energy, stated: “It is a nice alternative for Dominick to achieve expertise on the coronary heart of presidency policymaking… We sit up for him returning to his function as Westpac NZ chief economist in late January subsequent 12 months.”
Michael Gordon turns into performing chief economist in Stephens’ absence.
“Michael brings an impressive data of the New Zealand economic system and monetary markets,” stated Energy.
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