Peter Nicholl
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Peter Nicholl

Governor of the Central Bank of Bosnia and Herzegovina

The route from New Zealand to Bosnia is long and, one imagines, not often travelled. But Peter Nicholl, governor of the Central Bank of Bosnia and Herzegovina (CBBH), has made the journey. He took up the post on November 1 1997 and has since overseen the tricky task of bringing order to the country's Financial sector. He moved to Bosnia from his position as a director of the World Bank in Washington, where he had worked from 1995. Before this, he had been both deputy governor and deputy chief executive of the Reserve Bank of New Zealand, spending 22 years with that organization.


       
Nicholl: has achieved notable victories

So how does a New Zealander end up governing a central bank in central Europe? The CBBH was set up on August 11 1997 as part of the Dayton peace accord. Under the terms of the agreement, the new central bank governor was to be appointed by the managing director of the IMF, subject to the agreement of the relevant heads of government in the ethnically diverse Bosnia and Herzegovina.


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