The public servant who wrangled $875b for Australia is moving on

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The public servant who wrangled $875b for Australia is moving on
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The Australian Office of Financial Management CEO Rob Nicholl is heading to the International Monetary Fund role as executive director, leaving some big shoes to fill.

Investors say the next chief executive of the Australian Office of Financial Management will have big shoes to fill, after outgoing boss Rob Nicholl was nominated by the federal government to join the International Monetary Fund.

“It really was truly extraordinary to see how much demand there was for Australian bonds during that period,” said Angus Coote, co-founder of Jamieson Coote Bonds. “The AOFM did it with aplomb.”Australia’s appeal Helping that funding task is Australia’s pristine triple-A rating assigned by the major ratings agencies, as well as a stable financial and regulatory environment.

“We went from a 10-year to a mature 30-year bond which became popular with investors,” Mr Johnson said. Mr Nicholl opened many overseas managers' eyes to the niche world of domestic residential mortgage-backed securities.

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