Assistant Governor (Business Services) Michelle McPhee

Photograph of Michelle McPhee

Michelle McPhee is the Assistant Governor (Business Services) at the Reserve Bank of Australia.

She is responsible for the Bank's provision of a range of services to the community, including banking services to the Australian Government and overseas central banks, payment and settlement services to participants in the Australian financial system, and the issue of Australian banknotes.

Prior to her current position, Michelle was the Head of Banking at the Reserve Bank of Australia, a role she has held for the last four years. She spent six years as the Head of Risk and Compliance and, prior to that, held a number of senior management positions at the Bank primarily in financial market operations.

Michelle is a Member of the Australian Payments Council. She has also been a director of Note Printing Australia and Chair of its Audit and Risk Committee.

Education University of Technology, Sydney (BBus Hons 1993)
Graduate, Australian Institute of Company Directors (GAICD 2012)
1988–2002 Reserve Bank of Australia; various positions in Financial Markets Group
2002–2004 Senior Manager (Dealing Support), Financial Markets Group
2005–2007 Senior Manager (Foreign Exchange Dealing), International Department
2009–2011 Senior Manager (Officers Superannuation Fund), Finance Department
2011–2017 Head of Risk and Compliance
2017–2021 Head of Banking Department