BusinessCompany NewsNew BoE deputy governor announced

New BoE deputy governor announced

Rachel Lomax, a previous country director of the World Bank, has been appointed deputy governor of the Bank of England.

Link: Green Budget: New Bank governer named

Lomax is currently permanent secretary at the Department for Transport. Prior to that she held down senior positions at the World Bank and the UK Treasury, where she was deputy secretary for financial institutions.

She was also principal private secretary to the then chancellor. ‘I am very pleased that Rachel Lomax has been appointed as the new deputy governor for Monetary Policy,’ said Sir Edward George, governor of the Bank.

‘She has a hugely impressive track record as an economist and departmental manager at the heart of government, and possesses a sound knowledge of the financial markets, macroeconomic and regional policy.’

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