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Canadian bank chief named BOE governor

11-27-2012 03:50 BJT

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Canadian central bank chief Mark Carney has been named the next Governor of the Bank of England.

The decision to appoint a foreigner to the job comes as a major surprise. Carney is a former Goldman Sachs investment banker who successfully helped steer the Canadian economy through the global crisis. He will succeed Mervyn King next year.

The British government said Carney has the skills needed to revamp the country’s financial regulation at a time when the BoE is taking on a new lead role in bank supervision.

Carney will serve at the Bank of Canada until May, and then start at the Bank of England in July. He will start by serving only a five-year term, rather than the usual eight.


Editor:Zheng Limin |Source:

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