Grant Spencer

Adjunct Teaching Fellow
School of Economics and Finance

Grant Spencer

Adjunct Professor,
School of Economics and Finance


Grant Spencer retired from the Reserve Bank of New Zealand in March 2018 where he held senior positions including Deputy Governor and Head of Financial Stability from 2007 to September 2017 and Acting Governor over the six months to March 2018.  Grant has also held senior positions at ANZ Banking Group and was Alternate Executive Director of the International Monetary Fund. As Deputy Governor and Head of Financial Stability, Grant oversaw the prudential regulatory and supervision functions of the Reserve Bank as well as macro-prudential policy and the Bank’s financial market operations. Grant chaired the OECD Committee on Financial Markets from 2015 to 2018, and the Financial Markets Working Group of EMEAP, an association of eleven East Asia and Pacific Central Banks. Grant was a member of the Capital Markets Development Taskforce in 2010 and has served as Non-Executive Director of the New Zealand Institute of Economic Research and as a Council member for the New Zealand Corporate Treasurers Association.


BA (Hons), Economics and Information Science, Victoria University of Wellington,
MSc, Econometrics and Mathematics Economics, London School of Economics and Political Science

Research interests

The financial system, financial regulation, and the interaction of the financial system with the real economy. International finance and the international monetary system.

Publications (selected)