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


Dominick Stephens Seconded To NZ Treasury Role

Westpac NZ Chief Economist Dominick Stephens will take up a ten-month secondment later this month as the New Zealand Treasury’s Deputy Secretary, Chief Economic Advisor.

At Treasury, Mr Stephens will take on the Chief Economic Advisor’s responsibilities for ensuring that the Treasury’s policy advice on lifting New Zealand living standards is supported and strengthened by sound economic theory and evidence.

Mr Stephens began his career at the Reserve Bank of New Zealand before joining the Westpac NZ Economics team in 2006. He became Chief Economist in 2011, and is a respected analyst, advisor and commentator on a range of economic and market issues, from housing policy to monetary policy and climate change. His responsibilities include membership of Westpac’s Sustainability Steering Committee.

Westpac NZ General Manager of Institutional and Business Banking Simon Power says Mr Stephens will be a perfect fit in the NZ Treasury role.

“This is a great opportunity for Dominick to gain experience at the heart of government policymaking,” Mr Power says.

“We look forward to him returning to his role as Westpac NZ Chief Economist in late January next year.”

Michael Gordon will be Acting Chief Economist in Mr Stephens’ absence, having been second-in-charge of the Economics team since 2011.

“Michael brings an outstanding knowledge of the New Zealand economy and financial markets, and did a great job during a previous period as Acting Chief Economist in 2016, when Dominick was on sabbatical,” Mr Power says.

Mr Stephens’ last day at Westpac before taking up the secondment will be March 12.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Frog Recruitment: Kiwi Workers Reluctant To Make Business Trips Across The Ditch Despite Trans-Tasman Bubble Opening

When the trans-Tasman travel bubble opens today, many Kiwi companies won't be rushing to buy an air ticket, reluctant to cross the ditch to do business. The latest survey conducted by leading recruitment agency, Frog Recruitment of nearly 1,000 New Zealand ... More>>

Tourism: Employers Welcome Back Working Holidaymakers

Tourism businesses gearing up for the return of Australian visitors from next week will be relieved to learn that they will also have access to an offshore pool of much-needed job candidates, Tourism Industry Aotearoa says. Tourism employers around ... More>>

Commerce Commission: Latest Broadband Report Confirms Improved Performance Of Premium Fibre Plans

The latest report from the Commerce Commission’s Measuring Broadband New Zealand programme shows that the performance of Fibre Max plans has improved substantially. This follows a collaboration between the Commission, its independent testing partner, ... More>>

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>

Stats NZ: New Report Shows Impact Of Demands On Land In New Zealand

A new environmental report released today by the Ministry for the Environment and Stats NZ, presents new data on New Zealand’s land cover, soil quality, and land fragmentation. The land cover data in the report, Our land 2021 , provides the most ... More>>


Stats NZ: March Card Spending Rebounds Despite COVID

There was a lift in retail card spending in March following a fall in the lockdown-disrupted February month, Stats NZ said today. Seasonally adjusted retail card spending rose by $53 million (0.9 percent), compared with February 2021. Visit our website to read ... More>>

PwC: Outcome Of Review Into Air New Zealand Gas Turbines Business

Air New Zealand has received the report into its Gas Turbines business from independent external advisers PwC. Air New Zealand Chairman Dame Therese Walsh says the report identified a range of effective controls in the Gas Turbines revenue contracting ... More>>