Former CEO of Bank of South Pacific(BSP) Sir Robin Fleming has been appointed to serve on the Bank of PNG Board.
He joins Mark Baker, who served as the Country Head for ANZ Bank, and Dairi Vele, the former Treasury Secretary,
Prime Minister and Treasurer James Marape announced the introduction of distinguished new members to the Board and Management of the Bank of Papua New Guinea (BPNG).
These strategic appointments, sanctioned by Cabinet last week, align with the government’s vision of fortifying the nation’s financial architecture through seasoned leadership have been appointed to the BPNG Board.
Adding to the depth of experience, Jeffery Yombon, a veteran BPNG manager and Assistant Governor, has ascended to the role of Deputy Governor.
The appointments mark a significant step in the Government’s commitment to economic resilience and financial stability, poised to navigate the Bank of Papua New Guinea through its next phase of development and beyond.
“Cabinet has resolved to bolster the Central Bank with seasoned professionals, particularly those familiar with our financial sector and the Bank’s Monetary Policy,” Prime Minister Marape said.
“We acknowledge and thank these gentlemen for their willingness to serve in these merit-based roles. We are eager to collaborate with the Board, Management, and Governor Elizabeth Genia to meet the pressing economic needs of our nation.”
Highlighting the government’s proactive stance, Marape shared, “Our administration has initiated reforms at the BPNG aimed at enhancing the banking and financial sector. These include addressing critical challenges such as the prevailing foreign exchange constraints, said Marape.
