16 Jan FCA head Andrew Bailey named as Bank of England governor

[vc_row][vc_column][vc_column_text el_class=”m-b-none”]Andrew Bailey has been announced as the new governor of the Bank of England by Chancellor Sajid Javid. Bailey has been appointed for an eight-year term and will receive a yearly salary of £495,000.

He will succeed current governor Mark Carney on 16 March 2020. Bailey has served as chief executive officer of the Financial Conduct Authority (FCA) since July 2016. A statement from HM Treasury stated that an interim CEO will be appointed “well ahead” of Bailey’s departure from the regulator.

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