Allan Moss, a former chief executive officer of Macquarie Group Ltd., has been appointed to the Reserve Bank of Australia’s board, the government said Tuesday.
Mr Moss, who ran Australia’s biggest investment bank for almost 15 years before stepping down in 2008, was appointed for a five-year term, Treasurer Scott Morrison said in an e-mailed statement.
Catherine Tanna, the former chairman of BG Group Plc’s Australia unit, was re-appointed for a further five-year term, he said.
In his management of the Macquarie Bank infrastructure powerhouse, Moss oversaw the creation of a global scale ponzi-business that required bailout in the GFC after he’d seredipitously jumped ship. He now runs Allan Moss Investments, a private investment company which engages in a range of activities including venture capital, which just enjoyed a fabulous boost
How do these selections get made, FFS.
