WELLINGTON (Reuters) - The Reserve Bank of New Zealand (RBNZ) said on Tuesday that assistant governor Geoff Bascand would become the central bank's next head of financial stability in September when governor Graeme Wheeler steps down.
The RBNZ said in an emailed statement that it had appointed Sean Mills, an official at the Ministry of Corrections, to take over Bascand's role as assistant governor and head of operations.
The new appointment and leadership shuffle comes as the central bank prepares for Wheeler to finish his five-year term on Sept. 26, when the current head of financial stability, Grant Spencer, will step up as acting governor for six months.
(Reporting by Charlotte Greenfield and Ana Nicolaci da Costa; Editing by Shri Navaratnam)
