Christopher Joye

Christopher Joye is an Australian fixed-income fund manager with Coolabah Capital Investments (and Smarter Money Investments), contributing editor with The Australian Financial Review, financial economist, and former government advisor. He was appointed to the board of the Liberal Party think-tank, the Menzies Research Centre (2003–2007), by Prime Minister Malcolm Turnbull (who also hired Joye into investment banking at Goldman Sachs out of university) after Joye authored an influential report for the 2003 Prime Minister's Home Ownership Task Force. Turnbull has been quoted in the media saying: "He's got a very, very fierce intellect ... I've never seen anyone as driven as him".

Joye attended the Geelong Grammar School in Victoria, Australia, and Marlborough College, in the United Kingdom. At Sydney University he received Joint First Class Honours and the University Medal in Economics and Finance while also being a Credit Suisse First Boston scholar, SIRCA scholar, and University Honours scholar. He studied at Cambridge University in 2002 and 2003, where he was a Commonwealth Trust scholarship recipient. He was vice-captain of the Victorian State schoolboys rugby union 1st XV in 1994.

After working at Goldman Sachs in London and Sydney, and the Reserve Bank of Australia, Joye was the principal author of the 380-page 2003 Prime Minister's Home Ownership Task Force Report, which was commissioned by then Prime Minister John Howard and overseen by current Prime Minister Malcolm Turnbull. This report has influenced analysis of the supply and demand sides of the Australian housing market, and policy formation in respect of improving rigid housing supply, in the years since.

In 2008, the Rudd government committed $4 billion (subsequently expanded to $20 billion) to a radical policy proposal first developed by Joye and professor Joshua Gans to supply temporary liquidity to Australia's residential mortgage-backed securities market. This idea was backed by the Government's 2020 Summit.

Australian taxpayers are estimated by Joye to have made around $600 million in realised profits from this policy idea as at April 2013. Joye also estimates taxpayers have earned an additional sum of between $275 million and $550 million in unrealised gains to this point.

In 2009, The Australian newspaper identified Joye as one of Australia's top 10 "emerging leaders" in its economics category. In 2007 Joye was selected by The Bulletin magazine as one of Australia's "10 smartest CEOs", and, separately, by BRW Magazine as one of "Australia's top 10 innovators". In February 2009, Joye was invited by the Rockefeller and MacArthur foundations to present innovative policy solutions on the US housing market's problems to President Obama's administration.

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