EY appoints new Oceania Chief Economist

Ernst & Young, Australia (EY) today announced the appointment of Cherelle Murphy as its new Chief Economist for EY Oceania, effective 21 March.  

“We are delighted to welcome a senior economist of Cherelle’s calibre to EY. She will hit the ground running as we continue to play our part in building a better working world – one where economic growth is sustainable and inclusive,” EY Regional Managing Partner and Chief Executive, Oceania, David Larocca, said.

Cherelle joins EY from Austrade where she has been Chief Economist, helping guide government policy in trade, foreign investment and tourism. Prior to joining Austrade, Cherelle spent 15 years at ANZ, having started her career at the Reserve Bank of Australia. She also worked as a journalist for the Australian Financial Review.

“I’m thrilled to be joining EY, to build on the strength of their reputation and contribution to the economic debate in the market, backed by their incredible platform and expertise,” Cherelle Murphy said.

“The challenges for business in the current environment are plentiful. This business cycle is an unusual one and I look forward to helping EY’s clients navigate it, while also identifying the opportunities that it presents”.

EY Oceania Deputy CEO and Oceania Markets Leader, Jenelle McMaster, said Cherelle’s deep experience in banking and government will help clients navigate their many challenges, including low and falling unemployment, increasing capacity utilisation, rising cost pressures and higher interest rates.

“The economy, and business, has proven to be incredibly resilient throughout the pandemic, but that does not mean the outlook is without risk. Our clients, across all sectors, are continuing to face tough new challenges, many of which they haven’t faced in more than a decade. 

“The perspectives and insights of our new Chief Economist, combined with deep experience across the business, stands us in good stead to address these challenges together,” Ms McMaster said.