Christian Hawkesby: Guardianship - the Māori world view of the Reserve Bank of New Zealand

Speech by Mr Christian Hawkesby, Assistant Governor and General Manager of Economics, Financial Markets, and Banking of the Reserve Bank of New Zealand, to the Raising Māori Investment Capability Conference 2020, Tauranga, 13 February 2020.

Central bank speech  | 
17 February 2020
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Introduction

...

(A sincere thank you to the district and people of Tauranga. I would like to give special thanks to the tribes of Ngati Ranginui, Ngati Pukenga, Ngai Te Rangi who have called us here; who have welcomed us here; who have looked after us here. Thank you very much).

Māori investment capability is a topic close to my heart.

Before re-joining the Reserve Bank - Te Pūtea Matua - last year, I spent eight years in the funds management industry. This gave me the privilege of working with a range of iwi clients, from the most sophisticated with 20 years' investment experience, to those with recent Treaty settlements just starting their investment journey.

Despite their differences, the common trait among them was a long-term, sustainable focus on inter-generational wealth and wellbeing. It was a culturally rewarding experience, to open my eyes, to build those relationships, and to start a better understanding.

The focus of this conference is raising Māori investment capability - whakapiki i te pūtea. As part of that, I look forward to discussing our recent Monetary Policy Statement and Capital Review in the ample time we have for Q&A.

Ahead of that, I would like to make a few opening remarks on a topic connected to Māori investment capability. That is, how the Reserve Bank is building its own capability in the Māori world - Te Ao Māori (Figure 1).

Figure 1. Our Te Ao Māori approach