RBNZ to establish new Senior Leadership Team

The Reserve Bank is creating a new Senior Leadership Team (SLT) to better help it achieve its vision of ‘Great Team, Best Central Bank’.

Reserve Bank Governor Adrian Orr said the new Senior Leadership Team better balances the workload, allows Reserve Bank leaders to operate more strategically, and provides more depth in teams for growing capacity and capability.

“The Reserve Bank currently has a senior management group made up of 13 positions. The new leadership structure is focused and better aligned to how we operate as a whole - across People; Systems and Processes; Policy; and Relationship Management.”

New leadership structure

Mr Orr said bringing about the new Senior Leadership Team has implications across the Reserve Bank, and affected staff have been consulted about the changes. While some have taken new positions on the SLT or other leadership roles in the Reserve Bank, a few have elected to leave the Reserve Bank.

Appointments to Senior Leadership Team

• Geoff Bascand – (Currently Deputy Governor and Head of Financial Stability) has accepted a role on the SLT as Deputy Governor and General Manager of Financial Stability.
• Lindsay Jenkin (currently Head of Human Resources) has accepted a role on the SLT as Assistant Governor/General Manager of People and Culture
• Mike Wolyncewicz (currently Chief Financial Officer and Head of Financial Services Group) has accepted a role on the SLT as Assistant Governor/ Chief Financial Officer Finance.

Recruitment will begin shortly for the remaining three SLT roles.

Leadership changes

• John McDermott (currently Assistant Governor and Head of Economics) has accepted the role of Chief Economist and Head of Department for Economics in the Economics, Financial Markets and Banking Group.
• Toby Fiennes (currently Head of Prudential Supervision Department) has accepted the role of Head of Department for Financial Stability Policy and Analytics
• Steve Gordon (currently Head of Currency, Property and Security) has accepted the role of Head of Department Banking in a newly-formed Economics, Financial Markets and Banking Group.
• Patrick Hoerler (currently Head of Risk, Assurance, and Assessment) has accepted the role of Head of Department for Risk and Audit in a newly-formed Governance, Strategy and Corporate Relations Group.
• Steffi Schuster has accepted the new role of Head of Department for Data and Statistics
• Andy Wood has accepted the new role of Head of Department for Financial System Oversight.
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Departures

Sean Mills – (Assistant Governor and Head of Operations), Mark Perry (Head of Financial Markets), and Klarissa Plimmer (Chief Information Officer and Head of Digital Services) have elected to leave the Reserve Bank.

Bernard Hodgetts (Head of Macro-Financial Department, who is currently seconded as Director Reserve Bank Review in the Treasury) has also chosen to leave the Reserve Bank after he finishes his role leading the review.

Mr Orr said: “All four senior managers have made incredibly valuable contributions to the Reserve Bank, and I wish them well with their future endeavours.”

Reserve Bank staff have been consulted about the changes, and a process to fill all new and vacant roles is underway.

The new structure will take effect in December.

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