Bollard confirmed to lead APEC Secretariat

MANTIK KUSJANTO
Last updated 10:11 07/09/2012
Reserve Bank governor Allan Bollard
ALAN BOLLARD: Will lead the APEC Secretariat in Sinapore from next year.

Relevant offers

Industries

Air NZ customers defend safety videos Washing machine fires sparks recall warning reminder Commuter rail link between Hamilton and Auckland on city council's radar Tech giant Apple pays $9m tax in NZ - how does that add up? Advertising online not the 'marketing magic' it's said to be Construction litigation specialist launches class action Sir Bob Jones buys ASB Bank Tower for $32m, the latest in a string of owners Westport's mayor off to England to investigate waste-to-energy plant Mad Butcher needs a revamp if it wants to compete - analyst Napier Port workers tested after unplanned venting of methyl bromide

Exiting Reserve Bank governor Alan Bollard has been appointed to lead the secretariat of the Asia-Pacific Economic Cooperation (APEC) in Singapore from next year, the Pacific Rim trade group has announced.

''APEC Ministers welcomed the successful selection and appointment of New Zealand Reserve Bank Governor Dr Alan Bollard who will be the Secretariat's second Executive Director for a fixed term,'' the group said in a statement. The news had leaked informally earlier in the week.

Bollard is stepping down later this month from the Reserve Bank of New Zealand (RBNZ) after a decade and will be replaced by Graeme Wheeler, a former managing director of the World Bank.

The trade group said Bollard will begin his three-year term on January 1, 2013 as head of the coordinating, technical and advisory body that supports sustainable economic growth and prosperity in the Asia-Pacific.

Russia's Deputy Minister of Foreign Affairs Igor Morgulov, who is the chair of the APEC 2012 Senior Officials, said Bollard was selected from a strong pool of candidates.

''Bollard brings to APEC experience as one of the region's key economic architects,'' Morgulov said.

Bollard will be the APEC Secretariat's second fixed term executive director, succeeding Muhamad Noor Yacob who has been the role since 2010.

APEC is a grouping of 21 countries on the Pacific rim, including the ASEAN members, United States, Japan, China and Russia, which aims to reduce trade barriers and make it easier to do business in the region.

Ad Feedback

- Reuters

Special offers

Featured Promotions

Sponsored Content