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The selection comes after her predecessor was nominated by the government to join the International Monetary Fund.
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First female CEO appointed to Office of Financial Management
29 November 2022
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7 minute read
The government has appointed finance specialist Anna Hughes as the first female CEO of the Australian Office of Financial Management (AOFM).
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Ms Hughes is currently South Australia’s deputy under-treasurer and was previously a finance executive with organisations such as the South Australian Government Financing Authority and Hall Advisory.
“Ms Hughes has more than 20 years’ experience as a leader in both the public and private sectors, holding senior roles in finance throughout the Asia-Pacific and in the South Australian government,” said Treasurer Jim Chalmers.
“Ms Hughes’ expertise and leadership will be invaluable for the AOFM in its important role in managing the Australian government’s cash and debt portfolios.”
Dr Chalmers also praised Ms Hughes’ predecessor Rob Nicholl, who was regarded as one of the key forces that helped secure over $300 billion in funding from investors to help finance government stimulus packages such as JobKeeper during COVID-19.
“Since joining the AOFM as CEO in 2011, Mr Nicholl has shown exemplary leadership and provided advice to government during some of Australia’s most complex economic challenges,” said Dr Chalmers.
“Ms Hughes has big shoes to fill, but I have no doubt that she will do an outstanding job.”
Ms Hughes’ previous roles also included working as a policy officer for both the Queensland and federal governments as well as working her way up at S&P Global Ratings to become managing director and lead analytical manager.
She will begin as CEO on 16 January.
The AOFM’s role is to ensure the Australian government can meet its spending, investment, and debt payment obligations, and also provide advice to the government on a range of financial risks.
The organisation also borrows money on behalf of the Commonwealth by issuing Australian Government Securities bonds.
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