RBA Taps BoE Markets Man for Deputy Governor Role

The Reserve Bank of Australia (RBA) has unveiled Andrew Hauser as its new deputy governor – he will also become a member of the central bank’s board.

Hauser, who will commence the role in early 2024, has been with the Bank of England for over 30 years. He is currently the executive director for Markets, where he oversees all aspects of the design and execution of balance sheet and financial market operations; manages the UK’s official foreign exchange reserves; and coordinates market intelligence and analytical advice to the Bank of England’s monetary and macro-prudential policy committees.

He has also held senior roles across most of the Bank of England’s other major functions, including leading its Inflation Report, its international economic analysis and its regional agencies’ intelligence gathering. In 2016, Hauser led the UK’s Fair and Effective Markets Review (FEMR), which provided recommendations to increase fairness and effectiveness in FICC markets.

“I warmly congratulate Andrew on his appointment as the deputy governor of the Reserve Bank and look forward to working with him,” says Michele Bullock, recently-appointed governor of the RBA. “He has great experience and will bring a welcome external perspective to the Bank and the Reserve Bank Board.”

Hauser adds, “I am deeply honoured to be asked to serve as the RBA’s next deputy governor. 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.”