24 March 2004

Reserve Bank Head of Operations appointed

The Reserve Bank today announced the appointment of Dr Don Abel as the Bank's Assistant Governor and Head of Operations.

As Head of Operations, Dr Abel will have a general management function across the Bank, with particular responsibility for the Bank's financial, corporate, commercial and other internal functions.

Dr Abel comes to the Bank with an extensive background in general management and banking. Dr Abel is currently the General Manager, Direct Service and Sales at the National Bank.

Dr Abel takes up his appointment on 26 April 2004.

For further information contact
Paul Jackman
Head of Corporate Affairs
Ph 04 471 3671, 021 497 418, Jackmanp@rbnz.govt.nz