Former Macquarie boss joins RBA

The Federal Treasurer has announced the appointment of Allan Moss AO as a part-time member to the Reserve Bank board for a five-year period.

In a statement, Treasurer Scott Morrison said Mr Moss possesses a strong financial markets background and was previously the managing director and CEO of Macquarie Group Limited.

“Mr Moss is a principal of Allan Moss Pty Ltd and an advisor of the investment firms Evans and Partners and the investment firm Anchorage Capital Partners,” Mr Morrison said. “I congratulate Mr Moss on his appointment.”

The Treasurer also announced the re-appointment of Catherine Tanna as a part-time member of the Reserve Bank board for a further five-year period from 30 March 2016 up to and including 29 March 2021. Ms Tanna was originally appointed to the board in 2011.

“Ms Tanna is an experienced senior executive with an extensive understanding of the gas and energy sector, having undertaken various commercial roles in Australia and overseas at BHP Petroleum and Royal Dutch Shell,” Mr Morrison said.

She is currently managing director of EnergyAustralia. Ms Tanna previously held senior positions at QGC, BG Group plc Australia and Shell Gas & Power.

“These appointments are made in accordance with section 14 of the Reserve Bank Act 1959, which provides for nine board members – the governor, the deputy governor, the secretary to the treasury and six other members,” Mr Morrison said.

“I congratulate Mr Moss and Ms Tanna on their appointments and also thank Mr Roger Corbett AO for his valuable contributions over 10 years to the deliberations of the Reserve Bank board.”

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