Our economics and strategy team

Our team of economists and market strategists has extensive local and global experience.

Contact us at economics@westpac.co.nz

Dominick Stephens - Chief Economist

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Dominick started his career at the Reserve Bank of New Zealand, where he was involved in forecasting and modelling the New Zealand economy. 

Dominick joined Westpac as a Senior Economist in 2006, and became Chief Economist in 2011. His most well-known research concerns the roles of taxation, interest rates and inflation on the New Zealand housing market. He has also published research on the exchange rate, New Zealand’s labour market, and macroeconomic modelling.

Dominick's travels include crossing Mongolia on horseback, riding 1000 miles down the Peruvian Andes, and a year spent in the Amazon jungle.


Michael Gordon - Senior Economist

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Michael has been part of Westpac’s economics and strategy team since 2006. His responsibilities in that time have included currency and interest rate strategy; coordinating the team's inflation, growth and financial market forecasts; and conducting research in areas such as the labour market, house prices and macroprudential policy.

Previously, Michael worked at the Reserve Bank of New Zealand as a senior analyst in the Financial Stability department.




Satish Ranchhod - Senior Economist

Satish Ranchhod 2017 180x180pxSatish joined Westpac’s Economics team as a Senior Economist in October 2014. His work focuses on inflation, as well as developments in New Zealand's household and construction sectors.

Prior to joining Westpac, he was an adviser at the Reserve Bank of New Zealand. Much of his career has focused analysing and forecasting the New Zealand economy, with a particular focus on inflation.

Satish has also spent time as an economic researcher, leading the Reserve Bank’s analysis of the economic effects of the Canterbury earthquakes and its analysis of the global economy during the financial crisis.



Nathan Penny - Senior Agri Economist

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Nathan's bold predictions and his ability to call it as he sees it sets him apart from other New Zealand agri economists. Case in point was his controversial, but ultimately successful $6.00/kg MS 2016/17 milk price forecast.

Nathan hails from the Kapiti Coast and cut his economics teeth at the New Zealand Treasury. He graduated from Massey University with a Master of Applied Economics. Nathan's expertise lies in commodity markets, trade economics and economic forecasting. He's also your go to for all things dairy.

Outside of work, Nathan is a proud Hurricanes and Wellington Phoenix fan, although being based in Auckland, he now has divided loyalties since Beauden Barrett joined the Blues.


Paul Clark – Industry Economist

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Paul joined Westpac’s Economics team as an industry economist in July 2017 focusing on the structural analysis of industry and regional economic performance. 

Prior to joining Westpac, he was a principal advisor at the New Zealand Transport Agency focusing on environmental analysis and non-financial performance measurement and monitoring. 

Before emigrating to New Zealand in 2006, Paul had worked extensively in South Africa as an industry economist and as a country risk analyst specialising in developing countries in sub-Saharan Africa. 



 Imre Speizer - Senior Market Strategist

Imre Speizer 2017 180x180pxImre joined Westpac in 2008, and specialises in researching New Zealand’s currency and interest rate markets.

Working closely with Westpac’s economists and traders, as well as strategy colleagues globally, he delivers regular market analysis and forecasts. Prior to joining Westpac, Imre traded the currencies, interest rates, and credit products of the emerging markets of Asia and Europe, based in Hong Kong, Singapore and London for investment banks Swiss Bank/UBS and Bank of America.