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Our Board members

This page lists the members of the governing Board of the Reserve Bank of New Zealand.  Members of our Board are appointed by the Governor-General on the recommendation of the Minister of Finance. Te Tai Ōhanga - the Treasury assists the Minister with finding appointees to our Board.

Our Board's responsibilities

The RBNZ Act 2021 gives our Board overall responsibility for our strategic direction, functions and operations, and ultimate accountability for the delivery of our outcomes.

Collective duties of the Board include:

  • ensuring that RBNZ acts consistently with its objectives, functions, Statement of Intent and Statement of Performance Expectations
  • ensuring that RBNZ performs its functions effectively and efficiently, in collaboration with other public entities
  • ensuring that RBNZ operates in a financially responsible manner
  • taking account of the Financial Policy Remit in the pursuit of our prudential objectives
  • approving our key transparency and accountability documents
  • reviewing the performance of the Monetary Policy Committee and its members.

Members of our Reserve Bank Governance Board

Professor Neil Quigley

Position: Chair
Appointed: 1 July 2022
Current term expires: 30 June 2024
Location: Hamilton

Professor Neil Quigley

Neil is Vice-Chancellor of the University of Waikato. During his career he was Professor of Economics at the University of Western Ontario and Victoria University of Wellington, where he taught and published research in the fields of industrial organisation, money and finance and economic history.

Neil was appointed to the RBNZ Board in 2010 and elected its Chair in 2016. He led Board reviews of our monetary policy statements from when he was first appointed until the introduction of the Monetary Policy Committee in April 2021.

Neil was a director of the New Zealand Qualifications Authority (NZQA) from 2010 to 2021, serving as Chair of the Risk and Assurance Committee and Deputy Chair, and as Acting Chair from 2019-21.

He has a Bachelor and Master of Arts from the University of Canterbury and a PhD from the University of Toronto.

Mr Jeremy Banks

Appointed: 1 July 2022
Current term expires: 30 June 2027
Location: Nelson


Mr Jeremy Banks

Jeremy is a highly experienced software developer who co-founded the innovative kaupapa Māori software company Plink Software in 2015.

He is CEO of Plink, which works with schools and communities throughout Aotearoa to help students learn te reo Māori through its free app, Tipu. It also supports iwi to stay connected to and learn about their whakapapa from anywhere in the world through Te Ao Hunga, a software programme.

Jeremy's governance experience includes roles with Wakatū Incorporation, Network for Learning, Science for Technological Innovation Kāhui Māori and Nelson Regional Development Agency. He is also Vice Chair of Ngāti Rārua Ātiawa Iwi Trust.

Jeremy holds a Bachelor of Science (Hons) in Computer Science from the University of Otago.

He has whakapapa links to the top of the South Island through Ngāti Rārua, Rangitāne ki Wairau and Ngāti Kuia.

 
Mr Rodger Finlay

Appointed: 1 July 2022
Current term expires: 30 June 2027
Location: Christchurch

Mr Rodger Finlay

Rodger has extensive private and public sector governance experience. He is currently Chair of Crown Regional Holdings, Deputy Chair of Rural Equities Limited, Director of Ngāi Tahu Holdings and a director or trustee of several other New Zealand and internationally-based entities.

Previous governance roles include Chair of listed company PGG Wrightson, Chair of NZ Post, Chair of the Independent Advisory Panel of the Provincial Growth Fund, Chair of New Zealand Oil and Gas and Kiwi Group Holdings, a Director of Public Trust, and a Governor of Radio New Zealand.

Rodger is a Chartered Fellow of the Institute of Directors and a Fellow of Chartered Accountants ANZ. He has a Bachelor of Commerce from the University of Otago.

Professor Rawinia Higgins

Appointed: 1 July 2022
Current term expires: 30 June 2025
Location: Wellington

Professor Rawinia Higgins

Rawinia is the Deputy Vice-Chancellor Māori of Te Herenga Waka - Victoria University of Wellington. Her research expertise is Māori language revitalisation and, more specifically, language planning and policy and she was instrumental in shaping the current Māori language legislation and policy framework

She is a member of the Waitangi Tribunal and a Board member of Ngā Pae o Te Māramatanga (Māori Centre of Research Excellence). She is also the current Chair and Commissioner of Te Taura Whiri i te Reo Māori - The Māori Language Commission - the first woman to be appointed to this position. 

In 2021 Rawinia was elected as a Pacific Region representative on the Global Taskforce for the UNESCO International Decade of Indigenous Languages.  She has been appointed to a number of governance and advisory board roles for government, Māori and iwi.  

In November 2020, the Royal Society of New Zealand Te Apārangi awarded Rawinia the Pou Aronui award for dedicated service to the humanities and the following year appointed her a Fellow of the Royal Society. 

Rawinia holds a Diploma in Māoritanga / Tohu Māoritanga and a Bachelor of Arts from Te Herenga Waka. She also has a PhD from the University of Otago and is a Principal Fellow of the Higher Education Academy.

Rawinia is of Tūhoe descent.

Ms Susan Paterson, ONZM

Appointed: 1 July 2022
Current term expires: 30 June 2027
Location: Auckland

Ms Susan Paterson, ONZM

Susan has been a professional director since 1996 and was an external monetary policy advisor to our current Governor.

She currently chairs Steel and Tube and Theta Ltd, with other directorships including Arvida Group, Eroad and Les Mills Holdings. Past directorships include Goodman Property, Electricity Authority, Sky TV, Transpower NZ Limited, St Cuthbert’s College, the NZ Eco Labelling Trust, EECA, Housing New Zealand and Ports of Auckland. 

She has a Bachelor of Pharmacy and practised as a pharmacist before moving into management roles in New Zealand and the United Kingdom.

Susan completed an MBA at London Business School and was a strategy consultant for the Boston-based Index Group across Europe and the USA, with a focus on the strategic use of IT.

In 2015, Susan was made an Officer of the New Zealand Order of Merit for services to corporate governance.

 
Mr Byron Pepper

Appointed: 1 July 2022
Current term expires: 30 June 2025
Location: Auckland

Mr Byron Pepper

Byron is a highly experienced independent investment banking advisor and director. He has significant expertise in advising corporate and government clients, particularly in the financial services sector across New Zealand, Australia and internationally, with an investment banking career spanning over 25 years. 

He was previously a director of Ando Insurance Group Limited, and is a director or trustee of several other New Zealand based entities.

Prior to setting up his own company Vorigo Advisory, Byron was at Goldman Sachs for 22 years in its global investment banking business. 

Byron holds a Bachelor of Law and a Bachelor of Management Studies (Finance) from the University of Waikato. 

Mrs Hinerangi Raumati-Tu’ua MNZM

Appointed: 1 July 2022
Current term expires: 30 June 2025
Location: Auckland

 

Mrs Hinerangi Raumati-Tu’ua MNZM

Hinerangi is a professional company director with extensive governance experience. She is the Chair of Tainui Group Holdings Limited and Te Pou Herenga Pakihi Limited.  Hinerangi also serves on the boards of a number of entities, including Watercare Services Limited, Genesis Energy Limited, Pouarua Farms Ltd, Taranaki Iwi Holdings Limited and Te Puia Tapapa GP Limited. She is also an executive committee member of Waikato-Tainui.

Previous governance roles include Te Kiwai Maui o Ngaruahine Limited (as Chair) Aotearoa Fisheries Limited (Moana NZ) (as Chair), Sealord Group Limited, Parininihi Ki Waitotara Incorporation (as Chair), Venture Taranaki Trust, Port Nicholson Fisheries Limited, Te Ohu Kai Moana Trustee Limited, Auckland Council Investments Limited, Public Trust, and Waikato Community Trust. 

In addition to her strong commercial, investment and corporate governance background, Hinerangi has focused on the development of post settlement commercial entities and commercial frameworks with a Te Ao Māori view.  She has served as CFO of Tainui Group Holdings and Executive Director Operations at Te Wananga o Aotearoa. 

She was named Māori Business Woman Leader of the Year in 2016 and served on the Cullen Tax Working Group in 2019.  

Hinerangi is a fellow of Chartered Accountants ANZ and holds a Bachelor and Masters in Management Studies. In 2012 she was made a member of the New Zealand Order of Merit for services to business and Māori. 

Hinerangi has whakapapa to Ngāti Mutunga and Waikato iwi.

Other members

The role of the Reserve Bank Governor is a permanent member of the Board under the RBNZ Act 2021.