Overview

• New Zealand confirmed the appointment after a global search that identified 300 candidates, narrowed to 10 and then a four-person shortlist.
• Breman, 49, is the Riksbank’s first deputy governor, with prior roles at Swedbank, the Swedish Ministry of Finance and the World Bank.
• She becomes the first foreign national in the modern era to head the Reserve Bank of New Zealand.
• At her Wellington introduction, Breman said the bank would stay laser focused on low and stable inflation; she recently voted for the Riksbank’s surprise rate cut.
• Interim governor Christian Hawkesby will remain through November 30 to manage the handover, closing a turbulent stretch that included Adrian Orr’s resignation and the chair’s departure.