Powered by MOMENTUM MEDIA
subscribe to our newsletter
Former RBA governor joins Macquarie

Former RBA governor joins Macquarie

Glenn Stevens, the former governor of the Reserve Bank of Australia, has been appointed as an independent director to the boards of Macquarie Group and Macquarie Bank.

Macquarie chairman Peter Warne announced the appointment of former RBA governor Glenn Stevens as an independent director.

Mr Stevens, who will start at Macquarie on 1 November, was the governor of the RBA between 2006 and 2016 before he was replaced by current governor Philip Lowe.

Advertisement
Advertisement

Mr Warne described Mr Stevens as an “internationally respected central banker who has contributed significantly to Australia’s economic success”.

“He brings a unique perspective to our boards, not only regarding the drivers of Australia’s economy but also those of the international economies from which Macquarie derives the majority of its income,” Mr Warne said.

Mr Stevens’ appointment came as Macquarie Group announced a $1.25 billion half-year net profit, up by 19 per cent on the prior corresponding period.

Former RBA governor joins Macquarie
mortgagebusiness

 

Latest News

Two customer-owned banks have confirmed that they will merge next year to create “one of Australia’s largest nationally operating mutual...

The Reserve Bank may be forced to rethink its monetary policy approach, with expected rate cuts in the US and Europe blurring the economic o...

The Reserve Bank of New Zealand has called for two reports from ANZ New Zealand “to provide assurance it is operating in a prudent manner...

FROM THE WEB
podcast

LATEST PODCAST: Broker share and Westpac U-turn

Do you think the banking royal commission recommendations could negatively impact competition in the mortgage market?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.