The Board of the Bank of Finland has appointed Elisa Newby, Ph.D. (Econ.) as Head of the General Secretariat for a fixed term of five years, as of 1 October 2019. Dr Newby succeeds Mika Pösö, M.A. (Econ.), who has been appointed to the Executive Board of the IMF.

Dr Newby has served since 2018 as Head of Communications within the Bank of Finland’s General Secretariat. Before that, she served as Head of the Market Operations division in the Banking Operations department and as an Economist in the Monetary Policy and Research department. She is a member of the ESCB’s Communications Committee. Before that, she was engaged in a number of roles, including in the Eurosystem’s Working Group on the Monetary and Exchange Rate Policy Implementation Framework and the Eurosystem’s Working Group on Forecasting.

Dr Newby holds the degree of Doctor of Economics, receiving her doctorate from the University of St Andrews in 2007. Her doctoral thesis discussed sustainable monetary policy during crises. The main article of the thesis was published in the Journal of Economic Dynamics and Control in 2012. Before joining the Bank of Finland in 2010, Dr Newby served as College Lecturer in Economics and Fellow at Fitzwilliam College, University of Cambridge.

The General Secretariat is the administrative organ for the Bank of Finland’s senior management. The department is in charge of the preparation of the Bank’s decisions and international policy orientations. It is also responsible for strategic planning, communications and legal services. The General Secretariat supplies assistant services for Board members and acts as the secretariat of the Board and the Parliamentary Supervisory Council. In addition, it manages the activities of the Bank of Finland Museum and coordinates the promotion of financial literacy.