Revolving Doors

Glenn Stevens

Financial Services | RBA | Revolving Doors

Former Reserve Bank governor Glenn Stevens jumped from being the nation’s chief financial regulator to Packer’s hedge fund and then Australia’s biggest investment bank Macquarie Group.

Current Positions

Macquarie Group, Non Executive Director, Macquarie Bank Ltd, Nov 2017 – Present

Macquarie Group, Non Executive Director, Nov 2017 – Present

NSW Generations Fund, Chair, Advisory Board, Jul 2018 – Present

Lowy Institute, Board Director, Nov 2017 – Present

Temora Aviation Museum Inc, Deputy Chair, Jan 2017 – Present

NWQ Capital Management, Member, Investment Committee, 2017 – Present

Australian Institute of Company Directors, Jan 2016 – Present

Previous Positions

Ellerston Capital, Global Macro Adviser, 2017 – Jun 2019

Reserve Bank of Australia

·       Governor, Sep 2006 – Sep 2016

·       Deputy Governor, Dec 2001 – Sep 2006

·       Assistant Governor, Dec 1996 – Dec 2001

·       Head of International Department, Sep 1995 – Dec 1996

·       Head of Economic Analysis Department, Nov 1992 – Sep 1995

Revolving Door

Former Reserve Bank governor Glenn Stevens jumped from being the nation’s chief financial regulator to Packer’s hedge fund and then Australia’s biggest investment bank Macquarie Group.

Stevens, also within a year of leaving the Reserve Bank, joined Ellerston Capital which is the hedge fund established by billionaire James Packer and his late father Kerry.

Related Items

During his time with the Reserve Bank Stevens also chaired the Council of Financial Regulators made up of the heads of the Australian Prudential Regulation Authority, the Australian Securities Commission and Treasury.

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