New South Wales Treasurer Dominic Perrottet
First Chief Economist For New South Wales
Victor P Taffa
Respected economist Stephen Walters has been appointed as the State’s first Chief Economist with a mandate to bolster the capacity of New South Wales Treasury to lead economic reform and debate.
Mr. Walters, who spent more than a decade as Chief Economist for investment bank J.P. Morgan, will advise the New South Wales Government on State, national and global economic issues, analysis and trends.
New South Wales Treasurer Dominic Perrottet said the appointment would add strength to New South Wales Treasury.
“Mr. Walters will provide fresh and innovative economic analysis, strengthening our ability to manage economic challenges from both home and abroad.” Treasurer Perrottet said.
“New South Wales economy is strong and this appointment is about reinforcing the State’s capabilities and keeping it on the front foot.”
Mr. Walters joins the New South Wales Government after serving more than 2 years as Chief Economist for the Australian Institute of Company Directors.
Mr. Walters is the current chair of the Executive Committee of the Australian Business Economists (ABE).
After starting his career at the Department of Treasury in Western Australia, Mr. Walters has worked as Senior Economist in the UK for Norwich Union, Senior Economist at Access Economics before spending more than 14 years at J.P. Morgan.
“I’m looking forward to harnessing the existing knowledge at New South Wales Treasury to ensure the public and key stakeholders have a clear understanding of the Government’s position on key economic issues.” Mr. Walters said.
“State has been powering the national economy but there are challenges on the horizon.”
“It is critical that we not only address those challenges but articulate our roadmap for long-term economic success.”
Announcement follows the recent appointment of the State’s inaugural Productivity Commissioner Peter Achterstraat AM, who will be responsible for driving microeconomic reform and targeting regulatory roadblocks.
“Stephen’s appointment builds on the considerable existing talent and expertise in Treasury and will enhance our leadership and analysis on economic issues.” New South Wales Treasury Secretary Michael Pratt said.
“This appointment, coupled with the Productivity Commission, will also support our desire to lead on micro-economic reform.”
Mr. Walters will commence in the position mid-July.