Updated
Updated · Bloomberg · Jun 5
Glenn Stevens to Chair NSW Treasury Corporation, Overseeing A$125 Billion
Updated
Updated · Bloomberg · Jun 5

Glenn Stevens to Chair NSW Treasury Corporation, Overseeing A$125 Billion

1 articles · Updated · Bloomberg · Jun 5

Summary

  • Glenn Stevens will become chair of New South Wales Treasury Corporation on Sept. 1, taking over the state financing and investment arm from Michael Dwyer.
  • A$125 billion is managed by TCorp, making the former Reserve Bank of Australia governor's appointment a significant leadership change for one of the state's key financial institutions.
  • Stevens is also chair of Macquarie Group, adding another high-profile role to a career spanning central banking and major financial oversight in Australia.

Insights

Will a former RBA chief now lead NSW's fight to overhaul the national GST distribution system?
Can a central banking veteran shield NSW's finances from recession as the state's economic growth stalls?