subscribe to our newsletter
Board changes at RBA

Board changes at RBA

Treasurer Scott Morrison has announced that Carol Schwartz will join the board of the Reserve Bank as a part-time member.

Ms Schwartz currently serves as the foundation chair of the Women’s Leadership Institute Australia, and has also held board roles with Bank of Melbourne and Industry Superannuation Property Trust.

Mr Morrison said Ms Schwartz was would be a valuable addition to the group given her background across a number of different sectors.

“Ms Schwartz has business experience across a range of industries, which will enable her to make a strong contribution to the Reserve Bank board,” he said.

Ms Schwartz’ five-year appointment will commence on 14 February 2017, and will coincide with the departure of current board member Heather Ridout.

“Ms Ridout has made an important contribution to Reserve Bank board deliberations through a challenging period for the Australian economy and I thank her for her service. I wish her every success for the future,” Mr Morrison said.

[Related: RBA unlikely to follow Fed by lifting rates]

Board changes at RBA
mortgagebusiness logo

Latest News

Too much red tape in the mortgage industry can actually leave consumers in a worse position, as some markets are starting to discover. ...

Chairman of J.P. Morgan Australia Robert Priestley has resigned from the ASX board, effective immediately, citing the “distraction” of t...

Macro-prudential measures imposed by the regulator in 2014 are beginning to take the heat out of the apartment market, with conditions expec...

Promoted Stories

podcast

LATEST PODCAST: How the market has changed in the last 25 years, royal commission hearings, broker advocacy

Do you expect access to credit to get harder this year?