Gabriel Makhlouf

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Gabriel Makhlouf (2019)

Gabriel Makhlouf (* 1960 in Cairo ) is a British tax official. He has been President of the Central Bank of Ireland since 2019 . Previously, he was State Secretary in the New Zealand Ministry of Finance from 2011 to 2019 .

Career

Gabriel Makhlouf was born in Egypt to a Cypriot- British father and a Greek - Armenian mother . Because of his father's work as a diplomat in the United Nations Development Program , he spent his childhood in Congo, which one? , Bangladesh , Fiji , Samoa and Ethiopia , before going to boarding school in Great Britain from the age of 11.

In England, Makhlouf studied economics at the University of Exeter and industrial relations at the University of Bath and then joined the British public service in 1984 as a tax auditor . He later worked as a senior official in the UK financial administration. His areas of work included tax policy and, among other things, the fight against money laundering and tax havens.

He served British Treasury Secretary Gordon Brown as Principal Private Secretary .

From 2000 to 2004 Makhlouf worked for the OECD in Paris , where he chaired the Committee on Fiscal Affairs .

New Zealand Ministry of Finance

In March 2010 he left the UK public service and moved to New Zealand , where he was appointed Deputy Chief Executive in the local Treasury . After moving, Makhlouf took on both British and New Zealand citizenship.

In 2011 he became the Secretary of State ( Secretary to the Treasury appointed the Ministry of Finance) and the highest officials. In this position, he was responsible for the administration of New Zealand's public financial system and was also the principal advisor to the government on fiscal and economic matters. He was also Deputy Representative for New Zealand at the World Bank , the Asian Development Bank , the Asian Infrastructure Investment Bank and the European Bank for Reconstruction and Development .

Under the Labor government of Jacinda Ardern , he was entrusted, among other things, with the development and implementation of the wellbeing budget , through which the government can measure the effects of its policies on an index for well-being and living standards developed by the Ministry of Finance instead of the purely economic measures previously used fixed. With the adoption in summer 2019, New Zealand received worldwide attention.

At the end of May 2019, a controversy arose over his person when the opposition New Zealand National Party became aware of confidential information about components of the budget prior to the government's announcement of the new budget. Makhlouf initially referred in public statements to large-scale hacker attacks on the Treasury and commissioned the police with investigations, before it turned out a short time later that the information was erroneously published on the Internet by employees of the Treasury. This sparked calls from the opposition for Makhlouf to resign.

Central Bank of Ireland

In early May 2019, Gabriel Makhlouf was appointed as the new Governor of the Central Bank of Ireland after the previous incumbent Philip R. Lane was appointed the new Chief Economist of the European Central Bank . In an international search process, he prevailed against the previous Deputy Governor Sharon Donnery, previously favored by the public . Makhlouf is the first non-Irish in this position, which he took up in September 2019.

The Irish Times reported in July 2019 that the European Central Bank had expressed reservations about Makhlouf's appointment with the Irish government, among other things due to his non-academic career, the controversy over the New Zealand budget information leak and, in the context of Brexit , his British citizenship originated. The Irish government, on the other hand, upheld Makhlouf's appeal.

In his capacity as Governor of the Central Bank of Ireland, Makhlouf is also a member of the Council of the European Central Bank, its highest decision-making body. He is also a deputy member of the Board of Governors of the International Monetary Fund .

Web links

  • Portrait on the website of the Central Bank of Ireland (English)

Individual evidence

  1. ↑ a b Who is Gabriel Makhlouf, Central Bank governor in waiting? , The Irish Times, June 27, 2019, accessed March 29, 2020.
  2. ↑ Gabriel Makhlouf: Diversity key to survival in fast-changing world , nzherald.co.nz, March 7, 2017, accessed on March 29, 2020 (English).
  3. ↑ Gabriel Makhlouf, Treasury, New Zealand: Exclusive Interview , globalgovernmentforum.com, May 31, 2015, accessed on March 29, 2020.
  4. ↑ a b Interview: Gabriel Makhlouf , noted.co.nz, March 23, 2012, accessed on March 29, 2020 (English).
  5. ↑ a b Lost Treasury? A high reputation could be sunk by a single misjudgment , Independent.ie, June 5, 2019, accessed on March 29, 2020.
  6. ↑ Next Central Bank governor took aim at 'harmful' Irish tax practices , The Irish Times, May 2, 2019, accessed on March 29, 2020.
  7. ↑ Civil servant who promoted Treasury's 'wellness' measures to head Ireland bank , stuff.co.nz, May 2, 2019, accessed March 29, 2020.
  8. ↑ See New Zealand's world-first 'wellbeing' budget to focus on poverty and mental health , The Guardian, May 14, 2019, accessed on March 29, 2020.
  9. ↑ Political tempest explodes around Gabriel Makhlouf just as his tenure at Treasury is ending , stuff.co.nz, May 30, 2019, accessed on March 29, 2020.
  10. ↑ Ireland Springs Surprise as Makhlouf Named as Central Bank Head , bloomberg.com, May 1, 2019, accessed March 29, 2020.
  11. ↑ ECB raised concerns over new Central Bank of Ireland boss , The Irish Times, July 29, 2019, accessed March 29, 2020.
personal data
SURNAME Makhlouf, Gabriel
BRIEF DESCRIPTION British official and President of the Central Bank of Ireland
DATE OF BIRTH 1960
PLACE OF BIRTH Cairo , Egypt