Adrian Orr to take up new appointment

Reserve Bank of New Zealand Press Release

8 January 2007, 3.00pm

Adrian Orr to take up new appointment

Reserve Bank Deputy Governor and Head of Financial Stability Adrian Orr is leaving the Bank to take up the role of Chief Executive of the Guardians of the New Zealand Superannuation Fund.

Reserve Bank Governor Alan Bollard today congratulated Mr Orr on his appointment.

"This is a great opportunity for Mr Orr. During his time here, Adrian has made a huge contribution to the way the Reserve Bank regulates the financial system and monitors for financial stability in New Zealand.

"This is a loss for us, but we wish him all the best in his new job," Dr Bollard said.

Mr Orr's final day at the Bank will be 5 February 2007.

Mr Orr said he was very proud of the Reserve Bank and its achievements over recent years.

"I now look forward to the challenge of assisting in the management of an important piece of New Zealand's infrastructure, the NZ Superannuation Fund. I hope to build on the excellent platform that has been developed by the Guardians and their team over recent years."

ENDS

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