Michele Bullock will make history as the first female Governor of Australia’s Reserve Bank. She is known for her financial expertise and will make history in 2019 when she is elected.
Michele Bullock: A Brief Biography
Michele Bullock was a young child when she moved from Melbourne to Armidale in New South Wales. Michele Bullock, a self-described country girl, credits her upbringing for giving her unique insights and perspectives which have helped her in her work at RBA.
Bullock’s education began at Armidale High School. Bullock graduated with honors as a Bachelor of Economics from the University of New England. Bullock began working as an analyst at RBA in 1985 after completing a Master’s Degree at the London School of Economics.
Career Path
Bullock’s RBA career is impressive. She has held various positions at the RBA, including roles in the Economic and International Departments and as a Currency Group Adviser. She has also been the head of Payments Policy Department.
She was named assistant governor of the RBA in 2010. She held this position for multiple departments. Bullock is currently Deputy Governor and Chair of the Payments System Board. She also serves as a member of Chief Executive Women. She will become the ninth and first female governor in RBA history on September 18.
A Private Family Life
Bullock has a private life despite her highly-publicized career. The identities of her family members, including her husband and children, remain secret, showing her commitment to maintaining her personal life separate from professional obligations.
Financial Portfolio of Michele Bullock
Bullock has a significant financial portfolio thanks to her impressive career. Her compensation as Australia’s Reserve Bank Governor, with more than 37 year of experience at the RBA would be approximately $1 million.
Real Estate Investments
News.com.au reported that Michele owned an estimated six real estate properties valued at an estimated $6 million. This included her family home located in Five Dock in Sydney’s Inner West, which is currently valued between $2.55 to $3 million.
Bullock owns other investment properties in Russell Lea, Drummoyne and Drummoyne. Drummoyne, which was purchased in 2012 for $670,000, is now valued at up to $1.1million. A property purchased 16 years ago on the border of Five Dock and Russell Lea is now worth up to $1.12m.
Bullock’s wealth and career success paint a picture as a woman who is strong, confident, and not afraid to break down barriers. Australia is eagerly awaiting the next chapter in Australia’s financial history as she assumes the role of RBA Governor.
