SYDNEY Australia on Monday appointed the Bank of England's (BoE) Andrew Hauser as the new deputy governor of the Reserve Bank of Australia (RBA), filling a position that had been vacant since Michele Bullock was elevated to the top role in late September.

Hauser, who currently serves as the executive director at markets at the BoE, is expected to start before the first RBA board meeting next year.

"I am humbled and deeply honoured to be asked to serve as the RBA’s next Deputy Governor," said Hauser, who has over 30 years of experience at the BoE and a masters' degree from London School of Economics.

"I look forward to working closely with Michele Bullock, her senior team and the talented staff of the RBA to serve the Australian people, and to make a reality of the recommendations in the RBA Review."

Governor Bullock welcomed the appointment.

"I warmly congratulate Andrew on his appointment...He has great experience and will bring a welcome external perspective to the Bank and the Reserve Bank Board."

(Reporting by Lewis Jackson and Stella Qiu; Editing by Kim Coghill and Sam Holmes)