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

Why faking your CV is a popular pastime Pager network to be switched off in 2017 TPP may force New Zealand to amend software patent law Shanton rescued, but another fashion store Identity in liquidation Rocket Lab signs deal to work with Nasa FMA sues former Milford Asset Management portfolio manager PWC says Australian GST move makes level-playing field in retailing more likely Oracle called time on fruitless dalliance with Inland Revenue Don't blame us, blame the traders: Property Investors Federation Sir Peter Talley predicts grim future for jobs, education

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