BREAKING NEWS
Missing 10-year-old boy found safe on Kapiti Coast ... Read more
Close

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

Stewart Island crib and Remarkables ski base in southern architectural awards Fairfax, NZME media merger approval sought Airways to charge less for air traffic control services Wellington brewery Panhead Custom Ales sold to Lion Group Queenstown property peak expected to be "stronger for longer" NZ dollar falls following Fonterra milk price forecast Commercial property investment overtakes pre-GFC levels Fisher & Paykel Healthcare profits up 27 per cent Harry Triguboff replaces Gina Rinehart as Australia's richest person Sanford's green lipped mussels growing too big for bite size

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