This morning Chancellor of the Exchequer, Rt Hon Sajid Javid MP, announced the appointment of Andrew Bailey as the new Governor of the Bank of England.
Commenting on the appointment, Miles Celic, Chief Executive Officer, TheCityUK, said:
Andrew Bailey’s strong reputation for being future focused, his commitment to open global markets and his focus at the FCA for combining fairness and sustainability will be hugely beneficial when he assumes the role of Governor of the Bank of England. His appointment sends a clear signal about the positive future direction of our central bank and we look forward to working with him in the New Year.
Mark Carney has steered a steady ship through historic times. He has shown the strong leadership needed to underpin financial stability and the growth of sustainable markets. We wish him the best for his future endeavours.