People

Central bank finest go East

After retiring from the Bank of England Sir Edward George joined the boards of NM Rothschild, Grosvenor, the Duke of Westminster's property group and Swiss confectioner Nestle, swapping gold bars for chocolate bars in the process. But now Sir Eddie, and…

New Vice Governor at BEAC

The Bank of Central African States, the central bank for Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea and Gabon has appointed Pacifique Issoibeka as its new Vice Governor. Issoibeka joined the BEAC in 1973.

Is the Reserve Bank of India overstaffed?

India is a country well known for its huge population. But this article in Business Standard asks whether the Reserve Bank of India is itself overpopulated. The lower-rung jobs that form the bulk of its strength can be significantly cut down, it says.

Broaddus of Richmond Fed announces plan to retire

J. Alfred Broaddus, Jr., president of the Federal Reserve Bank of Richmond, announced on Thursday 13 November that he plans to retire on August 1, 2004, according to Associated Press. He turns 65 next July. 'It has been a great privilege to serve the…

Baghdad's central bankers come under fire

Staff at the central bank of Iraq were evacuated on Monday 17 November while a rocket that landed close to the bank was defused, according to a report by AFP. The centre of Baghdad came under intense fire on Sunday with a report saying the central bank…

Sports talk, central bank style

Mervyn King is a well known supporter of English premier league football team Aston Villa. But the Bank of England Governor doesn't confine his support to the stadium. Last weeks Inflation Report presentation continued King's regular habit of making…

Executives face pay cut at Bank of Japan

The Bank of Japan (BOJ) said last Tuesday that it will cut annual pay for its executives for fiscal 2003 by 2.9% from the previous year, Kyodo News reported. The decision follows a cut by the same margin in fiscal 2003 pay for special government…

Sierra Leone appoints a new deputy governor

Mohamed Sanpha Fofanah has been appointed the new deputy governor of the central bank of Sierra Leone, PANA News said. He replaces Melvin Tucker who was described in an official statement, the report said, as "the encyclopaedia of the central bank".

New RBZ governor speaks of challenges ahead

Gideon Gono was appointed governor of the Reserve Bank of Zimbabwe last week. Gono, a prominent banker, was appointed by President Mugabe and follows the announcement of a planned overhaul of the central bank. After accepting the job Gono spoke of it as…

Ex -cb chief runs for presidency of Mauritania

Ahmed Ould Daddah, the brother of Mauritania's first president, Mouktar Ould Daddah, who died last month, is a veteran politician and head of the opposition Union of Democratic Forces-New Era. The 70-year old is also a former governor of the central bank…

Bonello gets another term

Michael Bonello has been re-appointed for a five year term as Governor of the Central Bank of Malta, the Bank said on Friday. Bonello studied languages and economics at the University of Malta and was a senior official at the United Nations Conference on…

Student threatens to blow up central bank

A Hungarian student has threatened to blow up the National Bank of Hungary, the Courier Mail reported. The threats also included crashing a plane into the parliament building. The unnamed student said the threats were a 'joke' when arrested.

'Lucky' people are those who knew Milton Friedman

Alan Greenspan spoke at last weeks Dallas Fed conference honouring Milton Friedman. The Fed Chairman spoke of 91 year old Friedman and his wife, as Reuters reported it, saying: "If I believed in luck, I would argue that the most lucky people are those of…

Brash reaches National Party summit

Just 15 months after leaving the Reserve Bank of New Zealand, ex-governor Don Brash has just been appointed head of the NZ opposition. Bill English got the boot in a secret ballot after two failed election attempts to oust Helen Clark's Labour Party from…

Chaos as staff go on rampage in Bangladesh

Bangladesh Bank (BB) was in chaos last week after angry staff confronted Governor Fakhruddin Ahmed. The central bank chief was confined to his office for an hour, The Daily Star reported, before employees forcibly entered the governor's office to voice…

PNG central bank goes public on deputy's departure

After a 20 year career with the Bank of Papua New Guinea, Deputy Governor Flora Carruthers suddenly left the bank earlier this month a report has said. After much speculation on the sudden departure, central bank Governor Wilson Kamit took the bold step…

Interview with Sultan Nasser al-Suwaidi of the UAE

Here we present extracts from an interview with Sultan Nasser al-Suwaidi, governor of the Central Bank of the United Arab Emirates. Educated in the United States as an economist, he is highly regarded among global financial figures. The following…

Backstrom moves to life-insurance role

Former governor of the Sveriges Riksbank, Urban Backstrom, has been appointed president and chief executive officer of Skandia Liv. Backstrom said he would work to restore policyholders confidence and takes a fixed salary of 3.3 million kronor in the…

G7 and ECB Central Bankers' Salaries

This article published by Reuters looks in-depth at the salaries of G7 central bank heads, Federal Reserve Board Governors, ECB President, Vice-President and Executive Board Members. It reveals, among other things, that the Governor of the Bank of France…

Alan Greenspan, the central bankers' poor relation

A survey published by Reuters last week found Alan Greenspan to be the lowest paid G7 central bank head earning a mere US$ 171,900. Jean-Claude Trichet's salary, by contrast, rings in at the equivalent of US$ 341,404. But this is topped by "little"…

Armenia ushers in new Deputy Governor

The National Assembly of Armenia has approved Artur Dzhavadyan as the new Deputy Governor of the Central Bank of Armenia after he was proposed by the President. In what looks like a big vote of confidence, ArmInfo reported there were 86 votes in support…

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