The Australian Government will nominate Mr Chris Legg, a senior official with the Australian Treasury, for appointment as an Alternate Executive Director at the International Monetary Fund for a two year term beginning 1 November 2008.
Mr Legg will assist the Executive Director in representing a constituency of countries within the IMF comprising Australia, Kiribati, Korea, Marshall Islands, Federated States of Micronesia, Mongolia, New Zealand, Palau, Papua New Guinea, Philippines, Samoa, Seychelles, Solomon Islands and Vanuatu.
Korea will provide the Executive Director for the constituency from 1 November 2008 to 31 October 2010.
The Government currently intends that Mr Legg would be nominated by Australia for the position of Executive Director for a two year period beginning 1 November 2010 when that position is again filled by Australia under rotation arrangements agreed within the constituency.
Executive Directors and Alternate Executive Directors are employees of the IMF and their salaries and other allowances are met by the Fund.
Mr Legg is a highly experienced Treasury officer with a strong background in international economic and financial issues. He has held a number of senior roles in the Department, including: Chief Adviser, International; General Manager, Financial System Division; General Manager, Foreign Investment Policy Division; and General Manager, International Economy Division. He is currently Acting Executive Director (International), Macroeconomic Group.
Mr Legg has also served as Alternate Executive Director at the World Bank and Adviser to Australia’s Executive Director to the IMF.