New deputy governor named at Bank
Sir Andrew Large, a former chairman of the Securities and Investment Board, was yesterday named as the new deputy governor at the Bank of England.
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.