The appointment, announced just two days after Gordon Brown, the chancellor of the Exchequer, returned from a holiday in the United States, will fill the embarrassing hole left by David Clementi, who stood down last week.
Sir Andrew, who until yesterday the deputy chairman of Barclays, will be considered a safe pair of hands, with extensive experience in the City, including several years at Swiss Bank Corporation.
David Clementi, a chartered accountant is tipped to become the next chairman at the Prudential.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements