Glenn Stevens AC
Website Glenn Stevens

Glenn Stevens AC

Former Governor RBA 2006 to 2016 & Current Chair Macquarie Group Limited

Glenn Stevens worked at the highest levels of the Reserve Bank of Australia for twenty years, most recently as Governor between 2006 and 2016. Mr Stevens is the current Chairman of Macquarie Group Limited.

Mr Stevens is a graduate of the University of Sydney and the University of Western Ontario, Canada. His professional career in the Reserve Bank of Australia spanned three and a half decades. He joined the RBA as a junior economist in 1980. In the 1990s he held senior policy advising positions in the economics and markets areas, and was closely involved in designing and establishing Australia’s highly successful monetary policy framework in the early 1990s. He worked at the highest levels of the Reserve Bank for the next 20 years.

From 1996 he was Assistant Governor (Economic). Mr Stevens was appointed Deputy Governor and member of the Reserve Bank Board in 2001. 

In September 2006, Mr Stevens was appointed Governor and Chair of the Reserve Bank Board and of the Payments System Board. He was reappointed in 2013, serving a total of ten years as Governor of Australia’s central bank. As Governor, Mr Stevens represented Australia on the Financial Stability Board (FSB), an international body to promote financial stability. He served on the FSB’s Steering Committee and chaired its Standing Committee on Assessment of Vulnerabilities. He also chaired Australia’s Council of Financial Regulators.

Mr Stevens has been a visiting scholar at the Federal Reserve Bank of San Francisco and a member of the Advisory Boards of the Hong Kong Institute for Monetary Research, the Melbourne Institute of Applied Economic and Social Research at the University of Melbourne and the Australian School of Business at the University of New South Wales.

In June 2016 Mr Stevens was made a Companion in the Order of Australia, for services to central banking and finance, and to the community. Mr Stevens was been awarded honorary doctorates by Western University, Canada, the University of Sydney, and Macquarie University.  

Mr Stevens retired from the Reserve Bank in September 2016 after nearly 37 years of service, to pursue interests in the private sector.  

Mr Stevens is a director of NSW Treasury Corporation and the Lowy Institute. He advises on global macroeconomic and international financial issues for selected clients and participates in a small number of investment committees, including for NWQ Capital Management in Perth, W.A. He was Chair of the Advisory Board for the NSW Government’s Next Generation Fund from 2018 to 2020. He serves as an advisor for the Central Banking Program at the Asia School of Business in Malaysia, and the Hong Kong Academy of Finance.  

In the charitable sphere, Mr Stevens serves as a volunteer pilot for Angel Flight, a charity that provides free air transportation for people in remote areas attending medical appointments. He is a member and Deputy Chair of the Governing Committee of the Temora Aviation Museum. Mr Stevens is a director of The Anika Foundation, which supports research into adolescent depression and suicide. 

Mr Stevens is a member of the Australian Institute of Company Directors and is a signatory to The Banking and Finance Oath.

 

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