Iain Rennie lands top Treasury job

Thursday, 14 November 2024

Iain Rennie, the former States Services Commissioner and former adviser to Jim Bolger, has landed a top job with the Treasury, as the Government’s principal economic adviser.

The deputy Public Service Commissioner Heather Baggott announced today Rennie would take on the role of Secretary to the Treasury and chief executive, from Monday for a five-year term, ending November 2029.

Rennie was also an economic adviser to the Jim Bolger government, and since 2021 has been the independent chair of the Financial Statements of Government Audit Committee at the Treasury.

The Secretary to the Treasury leads and oversees New Zealand’s public finance system and is the principal economic adviser to the minister of finance and the Government.

“Mr Rennie is an accomplished economist and a respected public service leader with extensive experience in economic policy, fiscal management, and public sector reform,” said Baggott.

In his most recent role at the Treasury, Rennie provided independent advice and assurance to the former secretary, and the current acting secretary, on the preparation of the Government’s financial statements.

Baggott said Rennie had a deep understanding of New Zealand’s financial system and macroeconomics and was well positioned to build credibility as the public service’s chief financial officer.

“Mr Rennie is well connected with key parts of the New Zealand economy, including business and political leaders and commentators,” said Baggott.

“He is well qualified for the role and has served successive governments on both sides of the political fence.”