OREANDA-NEWS. September 20, 2016.  The Governor, Philip Lowe, has today announced that Christopher Kent, currently Assistant Governor (Economic), has been appointed to the position of Assistant Governor (Financial Markets), the role previously held by Guy Debelle prior to his appointment as Deputy Governor.

The Governor also announced that Michele Bullock, currently Assistant Governor (Business Services), has been appointed to the position of Assistant Governor (Financial System), which will be vacated by Malcolm Edey following his decision to retire at the end of October. As part of her new role, Ms Bullock will be appointed as Deputy Chair of the Payments System Board, succeeding Dr Edey.

The resulting vacant positions of Assistant Governor (Economic) and Assistant Governor (Business Services) will be advertised and a selection process will consider both internal and external candidates, as is usually the case for these senior appointments. Dr Kent will remain in his current role as Assistant Governor (Economic) until a successor is appointed. Chris Ryan, Head of International Department, will act in the position of Assistant Governor (Financial Markets) for the time being. Ms Bullock will take up duties in her position as Assistant Governor (Financial System) at the beginning of November.

Commenting on the retirement of Dr Edey from the Bank after almost 40 years of service, the Governor 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. I wish him and his family every success and happiness in the next phase of their lives.’