Bullock would take up the role immediately following Debelle’s departure in late March after 25 years.
Bullock was currently assistant governor (financial system), a role which had accepted in October 2016. This involved responsibility for financial stability and oversight of the payments system.
Prior to this, she had held a variety of other roles at the bank including assistant governor (business services) and assistant governor (currency).
RBA Governor, Philip Lowe, said: “I warmly congratulate Michele on her appointment as the deputy governor of the RBA. Michele brings a wealth of experience to the position. She has played a leading role in the Bank’s work on financial stability and has a well-deserved international reputation for her work on payments systems. Michele also brings considerable management experience to the role and I look forward to working with her”.
Bullock said: “I am honoured to be appointed deputy governor of the RBA and excited by the opportunity to serve the people of Australia in this new role”.
