After more than six years in the job, Mark Carney will step down from his current role as Governor of the Bank of England on 31st January 2020.
If you think you could be the person for the role, the Government has issued a job description, with an annual salary listed at £480,000 (but in reality, Mark received approx. £880,000 last year), and a requirement “to demonstrate the ability to lead a complex and powerful financial institution”. They are hoping to appoint the right person for the job by the Autumn.
There is speculation that the uncertainty about Brexit may mean some potential candidates will pass on the role, but I am sure that discussions with certain individuals are already underway behind closed doors. The government has even employed a head-hunter for the first time to make sure they get the very best replacement possible.
Given the current political situation, it is likely the new Governor will be from outside of the EU. Whoever is appointed, let’s hope that the transition is smooth and that the economy suffers no ill effects from the changeover.
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