BPNG overhauls mgt unit

THE Bank of Papua New Guinea has recently undergone a major reorganisation at the executive level of management.
The intent of this restructure was to allow the bank to place greater focus on its strategic efforts as well as its ongoing day-to-day operations.
The governor of the Bank of Papua New Guinea continued to manage all aspects of the BPNG on behalf of the people of Papua New Guinea, according to statement posted on its website.
The restructure involved the addition of three assistant governors.
Reporting directly to the governor are the existing deputy governor Benny Popoitai; assistant governors Dr Gae Kauzi, Elizabeth Genia and Joseph Teria.
The appointment of the three new governors “captured over 75 years of central banking experience and underscored the bank’s commitment to reflect the highest le­vel of professionalism and focus on perfor­mance on behalf of the people of Papua New Guinea”.
 Popoitai will continue to serve in his current role and will now have direct accountability for strategic projects and risk management.
The new assistant governors appointed, including their roles, are:
n    Assistant governor, monetary and economic policy: Kauzi is a well-known economist and the author of the book Money and Banking in Papua New Guinea.
n    Assistant governor, corporate affairs: Genia has represented the BPNG for 25 years in numerous roles including manager, internal audits, manager, corporate affairs and more recently as the head of finance and accounting.
 n    Assistant governor, financial operations: Te­-
ria has worked with the Central Bank for 32 years. He holds a Master of Commerce degree from the Sydney University, majoring in banking and economics.
Their appointments took effect last Monday.