Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Reserve Bank Personnel Changes

News Release
Date 3 March 2003
Time Immediate

Reserve Bank Personnel Changes

The Reserve Bank today announced two impending changes in the Bank's senior management team.

These were, firstly, the appointment of Mr Adrian Orr as Head of the Bank's new Financial Stability Department. Mr Orr will also carry the title of Assistant Governor.

Mr Orr was the Manager of the Reserve Bank's Economics Department from 1997 to 2000 and is currently Chief Economist and Head of Government Business at Westpac.

The Financial Stability Department has been created by the amalgamation of the Reserve Bank's Financial Markets and Banking System Departments. Central to its work will be building the Bank's capacity to monitor the financial system, with a view to reducing the probability of shocks to the financial system and increasing the system's capacity to absorb shocks if and when they occur.

Secondly, as of 21 July, Deputy Governor Rod Carr will be taking up an appointment as Chief Executive Officer of Jade Software Corporation Ltd. This follows Dr Carr indicating to the Bank that he will not be renewing his contract with the Bank, which expires on 20 July 2003.

Reserve Bank Governor Alan Bollard commented "The Reserve Bank wishes to congratulate Dr Carr on his appointment and also to thank him for the first-rate contribution that he has made to the Bank over the last five years. Dr Carr has played a crucial role in the Bank. Indeed, the refocusing of the Bank with a greater emphasis on financial stability has been very much the result of his efforts. I am sure he will bring the same clarity and judgement to his new role."


© Scoop Media

Business Headlines | Sci-Tech Headlines


ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>


Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>


Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>