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Annual Report of the Treasury for the Year Ended 30 June 2014

Executive Leadership Team

Gabriel Makhlouf - Secretary to the Treasury, Chief Executive

Gabriel (Gabs) Makhlouf is the Government's chief economic and financial advisor. He joined the Treasury in March 2010 following a career in the UK civil service, where his responsibilities ranged from policy development on domestic and international tax and welfare policy issues through to large-scale, customer-focused, operational delivery. Mr Makhlouf has chaired the world's main tax-ruling body - the Committee on Fiscal Affairs - at the OECD and was Principal Private Secretary to the UK Chancellor of the Exchequer, Gordon Brown. He has a BA (Honours) degree in Economics, an MSc in Industrial Relations and is an alumni of INSEAD's Advanced Management Programme.

Vicky Robertson - Deputy Chief Executive

Vicky Robertson was appointed Deputy Chief Executive in August 2012. She had previously been Deputy Secretary Growth and Public Services. Her role is to support the Chief Executive in driving the Treasury to achieve its vision, and as the Chief Operating Officer, has responsibility for the Treasury’s commercial, financial and corporate functions. During her 15-year Treasury career, Ms Robertson has worked in roles spanning a wide range of policy areas and has led corporate strategy and change. Ms Robertson has a law degree and played hockey at New Zealand Representative level as a member of the Black Sticks in 1991 and 1993/94.

Girol Karacaoglu - Chief Economist. Deputy Secretary, Macroeconomics, International and Economic Research

Girol Karacaoglu joined the Treasury on 1 March 2012, after being Chief Executive of The Co-operative Bank (formerly PSIS) for nine years. Dr Karacaoglu leads the Treasury's economic research, analysis and forecasting work, and is also responsible for the teams that work on achieving a stable and sustainable macroeconomic environment. Dr Karacaoglu has previously been General Manager at Westpac NZ, Chief Economist at the National Bank of New Zealand and lecturer in economics at Victoria University of Wellington. He has a PhD in Economics and an MBA, and is fluent in French and Turkish.

Fiona Ross - Deputy Secretary, Budget and Public Services

Fiona Ross re-joined the Treasury in 2011. She leads the Treasury's work to raise living standards by helping to ensure the Government's finances are well managed and overseeing advice on the performance of the public sector as a whole. Ms Ross has over 20 years' experience in the public service, including 10 years of experience on change and reform programmes in the UK public service. Ms Ross holds an Honours degree in Arts and a Master's degree in Public Policy, both from Victoria University of Wellington. She has been actively involved with a number of not-for-profit groups focused on the issues of sexual abuse and women's sport and fitness.

Catherine Atkins - Deputy Secretary, Growth and Public Services

Catherine Atkins has held a range of senior leadership positions since joining the Treasury in 1999, including Deputy Secretary of Strategy, Change and Performance. With a background in economics and international trade, her work has spanned policy areas ranging from market intervention, growth, competition policy and regulation to labour markets, welfare and State sector performance. She was also responsible for setting up the New Zealand Productivity Commission.

Bill Moran - Deputy Secretary, Strategy, Change and Performance

Bill Moran joined the Treasury in 1985. He has led work for the Treasury in macroeconomic and fiscal policy, tax strategy and State sector management. He is a strong advocate for ensuring the Treasury's work is informed by external views, and involving New Zealanders in the policy process. This has included leading a wide-ranging public engagement programme to review the tax system in 2009 and to test the assumptions and analysis for the Treasury's Long Term Fiscal Statement in 2013.

Mr Moran holds a Master's degree in Political Science from Victoria University of Wellington. He is a board member of New Zealand Football, Chair of the Organising Committee for the 2015 FIFA Under-20 Men's World Cup, to be held in New Zealand, a member of the FIFA Organising Committee for the 2018 Confederations Cup, to be held in Russia and was the Founding Chair of the Play It Strange Trust, a schools-based youth development initiative.

Brendon Doyle - Deputy Secretary, Financial Operations

Brendon Doyle joined the Treasury in March 2012 from Westpac in Australia, where he was Managing Director of its Global Capital Markets. He oversees the teams that borrow and make debt repayments for the Crown, and issue guarantees to support export businesses. His teams finance the gap between what the Government receives in taxes and fees and what it spends on providing public services. Mr Doyle has a Bachelor degree in Business Studies.

Note: Positions are as at date of publication.

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