Reserve Bank Deputy Governor Geoff Bascand resigns

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Reserve Bank of New Zealand Deputy Governor Geoff Bascand (Picture Supplied)

Staff Reporter
Auckland, September 7, 2021

Reserve Bank of New Zealand (RBNZ) Deputy Governor and General Manager Financial Stability Geoff Bascand will quit his post early next year.

Mr Bascand has been Deputy Governor with the Bank since May 2013. He is also a member of the Monetary Policy Committee of the Bank.

He said it was a privilege to have worked with the Reserve Bank of New Zealand.

“The Bank is a special place that makes a massive contribution to New Zealanders’ wellbeing. I have had extraordinary opportunities to participate in a huge range of important initiatives, and work with many wonderful colleagues, but I want to make more time for other interests in my life,” he said.

RBNZ Governor Adrian Orr said that Mr Bascand leaves with the Bank’s deep gratitude for his contribution to the RBNZ and the wider financial system.

“Geoff has made an incredible contribution to the Bank, and we’re indebted to his leadership, guidance and wisdom,” he said.

The Governor, the Reserve Bank Board and the Minister of Finance will determine in due course the preferred option for a replacement Deputy Governor, in line with the provisions of the RBNZ Act 1989 and RBNZ Act 2021.

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