The Reserve Bank’s head of banking is set to take a new role as assistant governor, business services.
Michelle McPhee will commence in the role in March, after four years as head of banking at the RBA and six years as head of risk and compliance.
In the new role, she will oversee the bank’s banking, note issue and payments settlements departments.
The group has responsibility for providing banking services to the Australian government, distributing the nation’s banknotes and operating Australia’s payments infrastructure.
She previously held other senior management positions within the central bank.
Ms McPhee is currently a non-executive director of the Australian Payments Network, deputy chair of Note Printing Australia and a chair of both organisations’ audit and risk committees.
She joined the Reserve Bank in 1988.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].