A senior Reserve Bank official will depart her publish at Australia’s central financial institution to hitch the non-public sector as Westpac’s prime economist.
Assistant governor on the Reserve Bank, Luci Ellis, will take over from chief economist at Westpac, Bill Evans, who has been within the high-profile gig for greater than three a long time.
The esteemed economist will stay on the large 4 financial institution as senior financial adviser.
Westpac chief govt officer Peter King stated Mr Evans had constructed an “unmatched” legacy of belief.
“Bill joined Westpac in the midst of the 1991 recession and since then has been a trusted voice in Australia through every economic cycle”, Mr King stated.
Ms Ellis has been the RBA’s financial assistant governor since 2016 and earlier than that, served as a deputy head of the central financial institution’s monetary stability division for eight years.
She will begin at Westpac in October.
The RBA confirmed Marion Kohler, the central financial institution’s head of financial evaluation, will act within the place vacated by Ms Ellis till a alternative has been chosen.
Source: www.perthnow.com.au
