Finance Minister Nicola Willis has formally acknowledged the contributions of Neil Quigley, who has resigned from his role as Chair of the Reserve Bank of New Zealand with immediate effect. Quigley’s departure marks the end of a 15-year tenure on the board, including nine years as Chair.

🏦 Leadership Legacy

During his time at the helm, Quigley oversaw several major initiatives:

• A new funding agreement for the Bank
• A comprehensive review of capital settings, now open for consultation
• Progress on recruiting a new Governor for the Reserve Bank

Minister Willis praised Quigley for leaving the institution “well-positioned for the future” and thanked him for his dedicated service to New Zealand’s financial stability.

🔄 Interim Leadership

Deputy Chair Rodger Finlay will assume the responsibilities of Chair until a permanent successor is appointed. The government will announce a new board member in due course to fill the vacancy left by Quigley’s departure.