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Robert Smith is the Chief Economist at East Economics, a boutique consulting firm that provides economic analysis and advice, focusing on applied microeconomics and Cost Benefit Analysis. He has over 35 years of experience in economic advisory, policy, strategy, research, and project management roles, working with public and private sector organisations across diverse industries and issues.Robert is passionate about finding efficient practical solutions to challenging problems, supported by evidence-based analysis and clear narratives. His experience ranges from high-profile/high-risk billion-dollar infrastructure projects to small-scale "for purpose" initiatives. He contributes to the profession, through the ESA, in supporting emerging economists and promoting economics as a practical tool for delivering benefits to clients, stakeholders and society.
East Economics
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Chief/ Consulting EconomistEast Economics Jan 2021 - PresentSydney, New South Wales, Australia
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Director - Economic Evaluation And AssuranceTfnsw Jan 2017 - PresentSydney, AustraliaResponsible for Business Case, Economic Appraisal, Benefits Realisation Management and Assurance guidance, frameworks and application for TfNSW's $72B projects and managing the team of 24 multidisciplinary professionals.
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Consulting Economist | Principal | Applied Economics | Investment Strategy I Economic EvaluationEast Economics Nov 2015 - Jan 2017Sydney, AustraliaIndependent consulting and research mainly focused on energy and infrastructure. Conducted an Economic Evaluation of governance options for a For Purpose sector performance improvement and capability measure in line with NSW Treasury Guidelines.Contributed to the ENA/CSIRO Network Transformation Roadmap “Future Regulatory Options and Pathways” report as an associate with Cambridge Economic Policy Associates (CEPA). This included analysing the market design of the New York “Reforming the Energy Vision” framework and competition policy to assess the scope for market evolution and competition.
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Manager, Network Economics And StrategyAusgrid Jun 2012 - Nov 2015SydneySubject matter expert for economic input into investment strategy, regulatory, microeconomic reform and policy development, review and advocacy. Championed an economic/commercial focus within an engineering based regulated monopoly.Contributed to the shaping industry regulatory frameworks and business investment strategy. Advised on demand management, environmental, sustainability, market design, forecasting, probabilistic planning, regulatory investment tests, efficiency improvements, pricing and investment planning.Advocated and championed commercial approaches to uncertainty, investment strategy and risk to reorient investment strategy and culture towards probabilistic approaches and economic analysis. Developed a “frame-calc-choose” economic evaluation training with practical real-world examples covering commercial and individual decision-making.As input into the network revenue determination, developed case studies then reviewed and challenged the ACCC's economic benchmark approach on technical, theoretical, conceptual and practical grounds. Speaker and presenter at major national and international conferences. Authored papers on industry developments, emerging trends and future directions for electricity, energy, technology and customer needs.rsmitheast@gmail.com 0419 494 796 -
Manager - Demand Management Policy & StrategyAusgrid May 2004 - Jul 2012SydneyDelivered ground-breaking EnergySave greenhouse gas reduction programs, including self-funded mass market giveaways and a “six star” energy efficiency centre. These environmental and sustainability initiatives directly contributed to the company’s platinum ranking in Corporate Responsibility Index benchmarking and were recognised at NSW Green Globe and Engineering Excellence awards.Industry representative in the policy development and implementation groups including IPART Demand Management guidelines working group, NSW Electricity Vehicle Taskforce and the National Electricity Market Settlement and Transfers Committee. Reviewed and challenged ACCC economic benchmark approach to network revenue determination on technical, theoretical, conceptual and practical grounds. -
Manager, Contestable Market DesignEnergyaustralia Feb 1999 - Apr 2004Sydney, AustraliaIndustry representative in the policy development and implementation groups regarding Full Retail Competition including NSW government's Market Implementation Group, MSATS guidelines working group and the National Electricity Market Settlement and Transfers Committee. -
Senior Analyst, Business Competitive IntelligenceAusgrid - Energyaustralia Mar 1997 - Jun 1999Sydney, AustraliaCollaborated on the development of corporate plans and strategic planning process including identification of key issues and trends both external and internal including competition, globalisation, regulatory management and convergence.Competitor analysis. Identified the predominant pricing, marketing and business strategies being adopted by existing and emerging competitors. This analysis was to be the base for an integrated business competitive intelligence program across the organisation.
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Senior Industry EconomistWestpac Feb 1994 - Apr 1997Sydney, AustraliaResponsible for leading the industry economics team, overseeing and determining the direction of research, new product development/re-positioning and communication strategies. Developed and coached staff. Managed outputs to ensure internal client support for products and budgets as well as brand building with external customers.Created an Industry Concentration Policy for managing a $112 billion industry loan portfolio. The policy combined knowledge of Australian industry structure, key drivers, volatility and correlations to establish lending boundaries.Responsible for analysis and forecasting of industry drivers, including microeconomic reform, regulation, technology, product and process innovation and competitive forces across 112 industry classifications.Revamped the “Industry Alert” newsletter highlighting the impact of economic issues for business opportunity/risk and, by transforming the distribution method, doubled output and improved timeliness by an average of 2 months. Created and authored the “Westpac Housing report” an external quarterly report with a circulation of 1,500. -
ConsultantCoopers & Lybrand Consulting 1987 - 1994Sydney, AustraliaManaged the "Economic Advice to Business" subscription newsletter, including the "Management Report on the Australian Economy” covering macro-economic developments and five year economic forecasts as a published report and series of management conferences in major capitals. The report provided a framework for businesses planning and budgeting, highlighting emerging strategic issues. -
Senior Consultant (Economics & Marketing)Kpmg (Peat Marwick Mitchell) 1984 - 1987Sydney, Australiadistribution channels in the Philippines and Indonesia and resulted in a revised location decision.Analysed the unit trusts industry to gain a vision of the competitive environment and strategic direction of the industry. The analysis combined a diverse range of information sources with emphasis on the size and performance of major companies as well as available information on marketing and distribution methods and product characteristics.Assessed market opportunities for the entrance of a well-established financial institution into the insurance industry (post-deregulation of the finance market). Analysis covered government policy, existing players, potential entrants, sales and distribution methods, product lines, and forecasting future trends for the industry and economy.Researched Australian FMCG markets for products ranging from ice cream to Christmas decorations involving rapid assimilation of market information, designing and conducting surveys and interviews and extracting maximum meaning
Robert Smith Skills
Robert Smith Education Details
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Econometrics -
Securities Institute Of Australia (Sia)Banking, Corporate, Finance, And Securities Law -
Economics -
Waverley College
Frequently Asked Questions about Robert Smith
What company does Robert Smith work for?
Robert Smith works for East Economics
What is Robert Smith's role at the current company?
Robert Smith's current role is Independent Economist @ East Economics | Cost-Benefit Analysis.
What is Robert Smith's email address?
Robert Smith's email address is co****@****ail.com
What schools did Robert Smith attend?
Robert Smith attended University Of New South Wales, Securities Institute Of Australia (Sia), University Of New South Wales, Waverley College.
What are some of Robert Smith's interests?
Robert Smith has interest in Ballsports, Technology And Innovation, Free Diving, Mentalism, Popular Science, Public Speaking And Writing, Ocean Swims, Mentalism Public Speaking And Writing, Bodysurfing.
What skills is Robert Smith known for?
Robert Smith has skills like Energy Policy, Strategy, Stakeholder Management, Energy Efficiency, Cost Benefit Analysis, Policy, Economics, Energy, Change Management, Renewable Energy, Project Management, Program Management.
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