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Queen approves new chair of the court of the Bank of England

Sir David Lees has been appointed new chair of the court of the Bank of England, succeeding Sir John Parker.

Lees, currently chairman of Tate and Lyle, is now responsible for ensuring that the Bank of England as an institution is able to meet the challenges it faces in discharging its monetary stability and financial stability responsibilities.

As well as chairing meetings of the court and agreeing its agenda, Lees must now work with the Bank’s Governor Mervyn King, fellow non executives and senior Bank officials in discussing governance and management issues on a regular basis.

Chancellor Alistair Darling says: “I am delighted to announce Sir David Lees’ appointment as Chair of the Court of the Bank of England to succeed Sir John Parker when he steps down. Sir David has a wealth of experience that he will bring to this role.”


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