Two new appointments for RBA board

TREASURER Wayne Swan has made two new appointments to the Reserve Bank of Australia board.

Philip Lowe has been appointed as the bank's deputy governor, replacing Rick Battellino, who is retiring.

Australian Industry Group chief executive Heather Ridout has been appointed as a board member, Mr Swan said today.

"Dr Lowe's promotion comes after a very distinguished career at the RBA beginning in 1980," Mr Swan said.

"Since April 2009, Dr Lowe has served as assistant governor (Economic) and has been the chief economic adviser to the governor and the Reserve Bank board."


Topics:  wayne swan

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