Bradley Fried, Tim Frost and Dave Prentis have been appointed as non-executive directors of the Bank of England.
The appointments have been approved by the Queen, following recommendations from Chancellor George Osborne and Prime Minister David Cameron. The trio will begin on June 1.
Fried and Prentice will be in the role for three years while Frost’s term is for two years.
Michael Cohrs, John Stewart and Adair Turner have been reappointed as non-executive directors of the BoE.
Fried is a former chief executive of Investec and is the founder and managing partner of Grovepoint Capital. He is also a member of HM Treasury’s audit committee and a non-executive director of Investec.
Frost spent the majority of his career with JP Morgan before founding Cairn Capital, of which he is now a non-executive director. He currently holds positions as a governor at the London School of Economics and is a director and chair of the board at Markit.
Prentis is the general Secretary of Unison. He also serves on the Government’s UK Employment and Skills Commission and is currently president of Unity Trust Bank.
Turner will cease to hold his position as non-executive director of the BoE once the financial services bill reforms come into place.