Former Reserve Bank of Australia governor Glenn Stevens will join the boards of Macquarie Group and Macquarie Bank as an independent director from November 1.
Mr Stevens, governor of the RBA between 2006 and 2016, has been on a number of Australian and international boards and committees, including the Financial Stability Board, and on a range of G20 committees.
Macquarie Group chairman Peter Warne said Mr Stevens would provide deep expertise on the impact that monetary and other economic policies have on Macquarie's diverse business activities.
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