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RBA names new head of domestic markets

By Reporter
2 minute read

The new appointment has been made in light of Jonathan Kearns’ resignation.

The Reserve Bank (RBA) has announced that David Jacobs will take on the new role of head of domestic markets following the resignation of Jonathan Kearns.

Mr Jacobs most recently served as the RBA’s deputy secretary after previously holding the role of deputy head of the international department at the central bank.

Prior to this, he worked on secondment at the Bank of England and also held various roles in the RBA’s domestic markets, economic analysis, and risk and compliance departments.

“In his new position, Mr Jacobs will oversee the Reserve Bank’s analysis of conditions in domestic financial markets and the bank’s Open Market Operations. He will report directly to Christopher Kent, assistant governor, financial markets,” the RBA said.

Mr Jacobs’s qualifications include a Bachelor of Commerce (Hons) from the University of NSW and a Masters of Economics from the London School of Economics and Political Science (LSE). He is also a CFA charterholder.

The appointment of Mr Jacobs comes after Mr Kearns resigned as RBA’s head of domestic markets late last year in order to take up the role of chief economist at Challenger Group.