The government has appointed a former director of BT Investment Management and Westpac as well as the group managing director of Coca-Cola Amatil to the board of the Reserve Bank.
Alison Watkins and Carolyn Hewson have become the RBA’s newest board members, each for a five-year period.
Ms Hewson is a former investment banker with more than 35 years’ experience in the finance and energy sectors.
She is currently a director of CSL Ltd and Infrastructure SA, as well as being a former director of BT, Westpac and BHP.
Ms Hewson has served as a panel member of the Financial System Inquiry and is a member of the Growth Centres Advisory Committee.
Her commencement on the RBA board will follow the conclusion of Catherine Tanna’s term on 29 March.
Meanwhile, Ms Watkins has held a range of senior roles in the agriculture and banking sectors, having been the group managing director of Coca-Cola Amatil since 2014.
She is also a Business Council of Australian board member and a non-executive director of The Centre for Independent Studies.
She has previously served as a member of the Takeovers Panel.
Ms Watkin’s term will commence following the conclusion of Alan Moss’ term on 1 December.
The RBA stated that the appointments will help ensure that monetary policy continues to support Australia’s economic resilience and prosperity through the recovery phase of the COVID pandemic and beyond.
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].
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