HSBC appoints chief economist for NZ and Australia

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HSBC has appointed Paul Bloxham as chief economist for New Zealand and Australia.

Thursday, October 14th 2010, 5:04PM

Bloxham joins HSBC from the Reserve Bank of Australia, where he spent 12 years as economist within its Economic Analysis Department.

In his new role, Bloxham will be chief spokesperson for HSBC on forecasts and trends for the New Zealand and Australian economies and their interaction with global financial markets and international economies.

He will also be a critical member of the HSBC Global Research team, working with 500 analysts across 87 markets to help formulate HSBC's unique global view of the world's economy.

HSBC New Zealand chief executive David Griffiths says Bloxham joins HSBC with a strong understanding of macroeconomic policy formulation and comprehensive knowledge of international economic dynamics that affect it.

"Bloxham will be a significant asset to HSBC and our clients by providing insight into international and domestic economic trends affecting both the New Zealand and Australian markets," said Griffiths.

As an economist within the Reserve Bank of Australia's Economic Analysis Department, Bloxham headed up the overseas economies and financial conditions sections, as well as working on domestic forecasting and prices. Bloxham has published a number of papers, including on housing and household finances, as well as on asset prices and monetary policy.

He holds a Master's degree in public financial policy from the London School of Economics.

Bloxham replaces John Edwards, who left HSBC to join the Bahrain Economic Development Board.

Bloxham will report functionally to Frederic Neumann, co-head of Asian Economic Research, and locally to Gavin Powell, head of Global Markets for HSBC in Australia and New Zealand.

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