RBA’s Ellis to Replace Westpac’s Evans in Economics Overhaul
- Evans joined Westpac as chief economist during 1991 recession
- Ellis was assistant governor at RBA, served 32 years at bank
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Westpac Banking Corp.’s Bill Evans will switch out of the chief economist role he has held for more than 30 years and be replaced by Reserve Bank Assistant Governor Luci Ellis, in a significant change for both institutions.
Ellis oversaw economic forecasting at the central bank and was Governor Philip Lowe’s chief economic adviser. She told Bloomberg Monday that having been at the RBA for 32 years, replacing Evans was “an opportunity I simply couldn’t pass up.”