The Reserve Bank of Australia (RBA) has appointed a new head of domestic markets.
David Jacobs would take up the role from 6 February, 2023 following the resignation of Jonathan Kearns last year.
Kearns had only joined the department last July but had previously worked as head of financial stability at the central bank from 2017.
Jacobs was formerly deputy secretary for the RBA and deputy head of international department and had also spent time on secondment with the UK’s Bank of England.
The role would see him oversee the RBA’s analysis of conditions in domestic financial markets, including the cost and availability of finance through financial intermediaries and capital markets, and the Bank’s open market operations.
He would also provide regular advice to the Governors and the RBA board on these issues.
He would report to Christopher Kent, assistant governor for financial markets.
