APPOINTMENT OF THE CHIEF EXECUTIVE, AUSTRALIAN OFFICE OF FINANCIAL MANAGEMENT
Mr Michael Allen has been appointed to the position of Chief Executive of the Australian Office of Financial Management (AOFM).
- The AOFM has been established as a separate agency within the Treasury portfolio to bring greater expertise to the net financing functions and financial risk management of the Commonwealths net debt portfolio. The AOFM has taken over the full range of functions formerly undertaken within the Debt Management Branch of the Treasury.
Mr Allen brings extensive public policy and practical financial market experience to the position, having held senior management positions at the Treasury Corporation of Victoria (the Victorian State equivalent of the AOFM) through its establishment phase in the mid-1990s and, more recently, in the investment bank, Warburg Dillon Read and Ernst and Young Corporate Finance.
Mr Allen is expected to take up his position as Chief Executive, AOFM, later this month.
9 March 2000
Contact: Dr Ken Henry (02) 6263 3741