Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

UK considers promoting Sarah Breeden to BoE deputy governor - Bloomberg News

Published 05/07/2023, 16:02
Updated 05/07/2023, 17:25
© Reuters. FILE PHOTO: People walk outside the Bank of England in the City of London financial district in London, Britain May 11, 2023. REUTERS/Henry Nicholls/File Photo
MS
-
BLK
-

(Reuters) - The UK Treasury is considering promoting senior Bank of England official Sarah Breeden to the position of deputy governor when Jon Cunliffe retires from the job in October, Bloomberg News reported on Wednesday.

If appointed, Breeden, who is currently the BOE's executive director of financial stability strategy and risk, would be the only woman occupying one of the top six positions at the BOE.

Other potential candidates for the job had included Alex Brazier, Breeden's predecessor, who is now deputy head of the Blackrock (NYSE:BLK) Investment Institute, and Huw van Steenis, a former UBS AG and Morgan Stanley (NYSE:MS) banker who advised Mark Carney when he was BoE Governor, the report said.

Prior to her current role, Breeden was the executive director for UK deposit takers supervision, responsible for supervising UK's banks, building societies and credit unions.

(This story has been corrected to remove reference to two other potential candidates ruling themselves out of the job from paragraph 4)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.