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Top Treasury job advertised

by Staff Writers •
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The weekend press carried an advertisement for the position of Secretary of NSW Treasury. The job was made vacant by the sudden resignation in mid November of John Pierce, who was head of Treasury from 1997 through both the Carr/Egan and Iemma/Costa governments. Pierce was rumoured to have resigned because of unhappiness with the NSW mini-budget.

Intending applicants have until just 19 December to lodge their claim to the job and executive search firm Korn/Ferry International are ‘advising on the process’. In truth, it is highly likely the preferred candidate is already know to the Government, but in keeping with the merit-based selection process stipulated for Government appointments, a ‘properly constituted’ recruitment process must be carried out.

No salary range or job package has been specified, instead the advertisement says that ‘an attractive remuneration package and a contract up to five (5) years will be negotiated’.

Along with the role of Director General of the Department of Premier and Cabinet, this job is the most important bureaucratic level job in NSW Public sector.

The job description says “The Secretary is the NSW Government’s chief financial and economic adviser. As head of a key central agency, the Secretary directly affects the state's financial strategy and legislation base. The Secretary is responsible to develop and implement the State’s fiscal strategy, which covers both the general government sector and government businesses.

The Secretary is accountable for advising on strategies to deliver those State Plan priorities for which Treasury has lead agency responsibility maintaining the Triple A credit rating and maintaining and investing in infrastructure.”

Rumours as to who is likely to get the job include Michael Coutts-Trotter, previously Chief of Staff to NSW Treasurer Michael Egan, and Dr Kerry Schott, Managing Director of Sydney Water and previously Executive Director, Private Projects and Asset Management Directorate in NSW Treasury.

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  • NSW
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  • John Pierce
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