The UK Government named Andrew Bailey as the next BoE Governor, taking over from Mark Carney starting March 16. Bailey is currently the CEO of the Financial Conduct Authority. He worked at the BoE for 30 years, last serving as Deputy Governor from April 2013 to July 2016. On the appointment, he said he’s honored to take over “particularly at such a critical time for the nation as we leave the European Union.”
Finance Minister Sajid Javid said Bailey would serve an eight-year term. He added, “Andrew was the stand-out candidate in a competitive field. He is the right person to lead the Bank as we forge a new future outside the EU and level-up opportunity across the country.”
