A few central banks in Asia might see changes in leadership this year, just as the region’s economy enters an interesting phase.
Central bank governors in Australia, India and Malaysia are nearing the end of their respective terms. The Reserve Bank of Australia’s Glenn Stevens and the Reserve Bank of India’s Raghuram Rajan will both be exiting in September. Meanwhile, Bank Negara Malaysia’s Zeti Akhtar Aziz is expected to step down in April.
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Stevens has been at the helm of the Australian central bank for a decade now, while Zeti – who is Malaysia’s first female governor – has served for 16 years. Rajan – although having only moved into the central bank governor role in 2013 – has had an illustrious career with the International Monetary Fund as its chief economist from 2003 to 2006. He has not said if he will seek a reappointment or look further afield.
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