RBA appoints domestic markets head
The Reserve Bank of Australia (RBA) has appointed a new head of domestic markets.
David Jacobs would take up the role from 6 February, 2023 following the resignation of Jonathan Kearns last year.
Kearns had only joined the department last July but had previously worked as head of financial stability at the central bank from 2017.
Jacobs was formerly deputy secretary for the RBA and deputy head of international department and had also spent time on secondment with the UK’s Bank of England.
The role would see him oversee the RBA’s analysis of conditions in domestic financial markets, including the cost and availability of finance through financial intermediaries and capital markets, and the Bank’s open market operations.
He would also provide regular advice to the Governors and the RBA board on these issues.
He would report to Christopher Kent, assistant governor for financial markets.
Recommended for you
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
The financial services technology company has appointed two non-executive directors following its AGM earlier this year, where it flagged it would embark on a board renewal process.
Several wealth management companies have been selected as finalists at the inaugural awards, which champions those who have transformed the Australian economy with their AI solutions.