Reserve Bank of NZ begins to build teams for money and payment futurists

I had written on how RBNZ is looking to recruit money futurists.

The central bank has moved further and appointed chiefs of these new departments:

Two appointments to senior leadership roles in the Reserve Bank’s Money Group show the Bank’s commitment to developing and preparing for the future of physical and electronic payments, Assistant Governor Christian Hawkesby says.

Ian Woolford has been appointed the Reserve Bank’s Head of Money and Cash, and Steve Gordon will head a new Payment Services Department.

Mr Hawkesby says both new roles stem from growth and developments within the Reserve Bank’s Banking Department.

“Two major strategic projects – the Payment Systems Replacement, and the Future of Cash – have resulted in new responsibilities and considerable advancements in thinking and future direction for physical and electronic payments,” he says.

“Te Pūtea Matua, the Reserve Bank of New Zealand, is the steward of the cash system and operates New Zealand’s payment settlement system. Dedicated oversight and leadership of these critical areas is needed so New Zealand can be at the leading edge of work on the future of cash – physical and digital.”

Mr Hawkesby says both leaders have proven track records for delivering large complex changes, and will bring strong thought leadership and stakeholder experience to the new roles.

…….

The ‘Money Group’ within the Reserve Bank comprises the departments that connect the full cycle of monetary policy, from policy formulation to implementation across the Reserve Bank’s balance sheet. These include the Money and Cash Department, Economics Department, the Financial Markets Department, Payment Services Department.

Keep watching what RBNZ does in this space. I will not be surprised if they innovate and pioneer this field too.

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