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BREAKING NEWS

BREAKING NEWS

Britain reappoints Broadbent as Bank of England deputy governor

Britain reappoints Broadbent as Bank of England deputy governor
FILE PHOTO: Bank of England Deputy Governor Ben Broadbent attends a Bank of England news conference, in the City of London, November 1, 2018. Kirsty O'Connor/Pool via REUTERS -
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POOL New(Reuters)
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LONDON (Reuters) – Britain’s finance ministry said on Friday it had reappointed Bank of England Deputy Governor Ben Broadbent for another term ending in June 2024.

The former Goldman Sachs economist sits on all three of the BoE’s monetary, financial and prudential regulation policy committees.

“Ben Broadbent’s expertise has proved invaluable to the Bank and its policy committees, so I am pleased to be reappointing him to another term as deputy governor,” finance minister Philip Hammond said in a statement.

The Treasury also announced the appointment of three new non-executive directors to the BoE’s oversight board, known as the Court.

Banking technology expert Ron Kalifa, trade union leader Frances O’Grady and asset management executive Hanneke Smits begin their terms on June 1.

(Reporting by Andy Bruce; editing by Stephen Addison)

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