Treasury Secretary appointed new governor at RBNZ

NEW ZEALAND - The long wait for a replacement to Donald Brash is over as Treasury Secretary Dr Alan Bollard was appointed New Zealand's new Reserve Bank Governor on Thursday.

Finance Minister Michael Cullen this morning announced the decision to appoint Dr Bollard, 51, to the position formerly held by Don Brash who resigned as governor in April so he could stand for the National party at the election.

Dr Bollard was nominated for the role by the non-executive directors of the Reserve Bank. The