The Federal Government has appointed Andrew Hauser as Deputy Governor of the Reserve Bank of Australia (RBA) for a five‑year term.
Mr Hauser brings international expertise in macroeconomics, markets and central banking operations from his distinguished career spanning more than 30 years at the Bank of England.
Federal Treasurer Jim Chalmers said Mr Hauser’s appointment strikes the right balance between providing deep central banking experience and offering a fresh, global perspective to the work of the RBA.
He will work closely with Governor Michele Bullock to implement the recommendations of the Review of the Reserve Bank of Australia, including a stronger monetary policy framework.
With more than 30 years at the Bank of England, Mr Hauser brings substantial experience to the role of Deputy Governor.
Currently serving as the Executive Director for Markets, he oversees all aspects of the design and execution of balance sheet and financial market operations.
Additionally, he manages the UK’s official foreign exchange reserves and coordinates market intelligence and analytical advice for the Bank of England’s monetary and macro-prudential policy committees.
Mr Hauser has held senior roles across various functions of the Bank of England, including leading its Inflation Report, its international economic analysis, and its regional agencies’ intelligence gathering.
He has also served as a member of the Executive Board of the International Monetary Fund in Washington DC.
Mr Hauser holds a Master of Economics from the London School of Economics and a first degree from Oxford University.
Ms Bullock welcomed Mr Hauser’s appointment as Deputy Governor and as a member of the RBA board.
“I warmly congratulate Andrew on his appointment as the Deputy Governor of the Reserve Bank and look forward to working with him,” she said.
“He has great experience and will bring a welcome external perspective to the Bank and the Reserve Bank Board.”
Mr Hauser said he was looking forward to starting in his new role in early 2024.
“I am deeply honoured to be asked to serve as the RBA’s next Deputy Governor,” he said.
“I look forward to working closely with Michele Bullock, her senior team, and the talented staff of the RBA to serve the Australian people and to help make a reality of the recommendations of the RBA Review.”