After a yr of damaging headlines which have had little to do with financial coverage, it’s hoped the appointment of Swedish-born Dr Anna Breman because the Reserve Financial institution’s new governor will lastly present a much-needed ‘reboot’ for the central financial institution because it grapples with an financial system that continues to be within the doldrums.
The sudden and surprising resignation of former governor Adrian Orr in February within the wake of rising tensions with the Financial institution’s board and Finance Minister Minister Nicola Willis over funding, adopted by the resignation of chair Neil Quigley in August after damning revelations that he had obfuscated and mischaracterised Orr’s causes for stepping down as governor, have left the central financial institution with an unlucky reputational stain and in pressing want of contemporary management.
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