Guy Debelle appointed Chairman of the Markets Committee

At their meeting at the Bank for International Settlements in Basel this weekend, the central bank Governors of the Global Economy Meeting (GEM)¹ appointed Guy Debelle as Chairman of the Markets Committee. Mr Debelle is Assistant Governor at the Reserve Bank of Australia.

The Markets Committee is a forum for senior central bank officials to jointly monitor developments in financial markets and assess their implications for the market operations of central banks.

Mr Debelle's appointment as Chairman of the Markets Committee is for a term of three years starting immediately. He succeeds Hiroshi Nakaso, Deputy Governor of the Bank of Japan, who has been Markets Committee Chairman since June 2006.

Mr Debelle has been the Assistant Governor (Financial Markets) at the Reserve Bank of Australia since 2007. In that role, he has oversight of the Bank's operations in the domestic and global financial markets, including the management of Australia's foreign reserves. Mr Debelle joined the RBA in 1994. Prior to his current position, he headed the Economic Analysis Department and the International Department. He has also worked at the International Monetary Fund, the BIS, the Australian Treasury and as a visiting professor in economics at the Massachusetts Institute of Technology. Mr Debelle has a doctorate in economics from MIT.

¹ The members of the GEM are the central bank Governors of Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Hong Kong SAR, India, Indonesia, Italy, Japan, Korea, Malaysia, Mexico, the Netherlands, Poland, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, the United Kingdom and the United States and also the President of the European Central Bank and the President of the Federal Reserve Bank of New York.