Resignation: Deputy Governor

Deputy Governor, Guy Debelle, announced today that he was resigning from the Bank, effective Wednesday, 16 March.

Dr Debelle will be taking up the position of Chief Financial Officer of Fortescue Future Industries in June. He said: ‘I am honoured and privileged to have worked at the Bank for the past 25 years and contributed to improving the welfare of the Australian people. The Bank is a great institution which serves Australia well, including most recently through the policy response to COVID which has helped the country come through the crisis in a strong position. I have often spoken about the opportunities for business to help address climate change. This new position gives me the opportunity to make a significant contribution in this area’.

Governor Philip Lowe said: ‘I would like to thank Guy for his outstanding service to the RBA over many years. He has made major contributions to monetary policy, to financial market operations and to the management of the Bank. Guy has been a great colleague and I wish him all the best in his new position’.

The new Deputy Governor will be appointed by the Treasurer of Australia.