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Graeme Paul Wheeler (born 30 October 1951) is a former Governor of the
Reserve Bank of New Zealand The Reserve Bank of New Zealand (RBNZ, mi, Te Pūtea Matua) is the central bank of New Zealand. It was established in 1934 and is constituted under the Reserve Bank of New Zealand Act 1989. The governor of the Reserve Bank is responsible for N ...
from 2012 to September 2017. He succeeded
Alan Bollard Alan Esmond Bollard (born 5 June 1951) is a New Zealand economist. He currently serves as the as chair of the New Zealand Infrastructure Commission. He previously served as the Executive Director of the Asia Pacific Economic Cooperation (APEC) ...
in this role on 26 September 2012 and was succeeded by Grant Spencer.


Professional career

Educated at the
University of Auckland , mottoeng = By natural ability and hard work , established = 1883; years ago , endowment = NZD $293 million (31 December 2021) , budget = NZD $1.281 billion (31 December 2021) , chancellor = Cecilia Tarrant , vice_chancellor = Dawn F ...
, Wheeler began working at the
New Zealand Treasury The New Zealand Treasury ( mi, Te Tai Ōhanga) is the central public service department of New Zealand charged with advising the Government on economic policy, assisting with improving the performance of New Zealand's economy, and managing fina ...
in 1973 as an adviser. From 1984 to 1990 he was economic and financial councillor for the New Zealand delegation to the
Organisation for Economic Co-operation and Development The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organization, intergovernmental organisation with 38 member countries ...
, eventually becoming director of macroeconomic policy at the New Zealand Treasury in 1990. In 1997, he went to work for the
World Bank Group The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Grou ...
, firstly as director of the Financial Products and Services Department. From 2001 to 2006 he was Treasurer and Vice-President of the World Bank. From 2006 to 2010 he was managing director of operations at the World Bank overseeing 12,000 staff and a US$1.7 billion budget. In 2010, Wheeler left the World Bank to start his own firm, advising investors and Russian policy makers about Russian privatisation. Wheeler currently serves as a company director in Europe and China.


Reserve Bank Governor

Wheeler succeeded
Alan Bollard Alan Esmond Bollard (born 5 June 1951) is a New Zealand economist. He currently serves as the as chair of the New Zealand Infrastructure Commission. He previously served as the Executive Director of the Asia Pacific Economic Cooperation (APEC) ...
as Governor of the Reserve Bank of New Zealand on 26 September 2012. Wheeler was replaced by Deputy Governor Grant Spencer on 27 September 2017. In the
2018 New Year Honours The 2018 New Year Honours are appointments by some of the 16 Commonwealth realms to various orders and honours to recognise and reward good works by citizens of those countries. The New Year Honours are awarded as part of the New Year celebratio ...
, Wheeler was appointed
Companion of the New Zealand Order of Merit The New Zealand Order of Merit is an order of merit in the New Zealand royal honours system. It was established by royal warrant (document), royal warrant on 30 May 1996 by Elizabeth II, Monarchy of New Zealand, Queen of New Zealand, "for those ...
for services to the state.


Cricketing career

A right-hand batsman and right-arm medium-pace bowler, Wheeler played one
first-class match First-class cricket, along with List A cricket and Twenty20 cricket, is one of the highest-standard forms of cricket. A first-class match is one of three or more days' scheduled duration between two sides of eleven players each and is officiall ...
for
Wellington Wellington ( mi, Te Whanganui-a-Tara or ) is the capital city of New Zealand. It is located at the south-western tip of the North Island, between Cook Strait and the Remutaka Range. Wellington is the second-largest city in New Zealand by me ...
in the 1981–82 season and two List A games where he topped the New Zealand bowling averages.


See also

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Everything bubble The expression "everything bubble" refers to the correlated impact of monetary easing by the Federal Reserve (and followed by the European Central Bank and the Bank of Japan) on asset prices in most asset classes, namely equities, housing, bon ...
*
Fed put The Greenspan put was a monetary policy response to financial crises that Alan Greenspan, former chair of the Federal Reserve, exercised beginning with the Black Monday (1987), crash of 1987. Successful in addressing various crises, it became c ...


References

{{DEFAULTSORT:Wheeler, Graeme 1951 births Living people People from Hamilton, New Zealand Companions of the New Zealand Order of Merit University of Auckland alumni Governors of the Reserve Bank of New Zealand New Zealand cricketers Wellington cricketers