View more on these topics

Treasury appoints ex-Virgin Money chief to Bank of England committee

Low angle view of the main facades of the Bank of England and London Stock Exchange and the London Troops memorial at Bank Junction in the City of London. London.Former Virgin Money chief executive Jayne-Anne Gadhia has been appointed to serve on the Bank of England’s financial policy committee.

Gadhia replaces vice-chair of media company RTL Group  Martin Taylor and starts her role in time for the committee’s second quarter round of meetings this year.

She will serve on the committee with current Banking Standards Board chairwoman Colette Bowe, who was also appointed today.

Gadhia was chief executive of Virgin Money from 2007 to 2018 until it merged with CYBG.

She also led the government’s review into equality and inclusion in financial services as its Women in Finance Champion.

There were forty-two applications, of which eight candidates were shortlisted for interview to be considered by chancellor Philip Hammond.

Bank of England governor Mark Carney says: “Jayne-Anne brings deep and relevant experience in retail banking and her successful business career.

“In her public policy she has championed the transformative impact of adopting new technologies and of greater diversity within the workforce of the financial services industry.

“We also greatly look forward to her contributions to the work of the committee.”

Recommended

House-Home-Property-Ladder-Mortgage-700x450.jpg

Bank of England holds base rate at 0.75%

The Bank of England’s monetary policy committee has voted unanimously to keep the base rate at 0.75 per cent. The rate has stayed at this level since it was raised from 0.50 per cent in early August this year. The MPC meeting minutes detail the committee’s belief that global growth risks have increased, but because of the […]

Low angle view of the main facades of the Bank of England and London Stock Exchange and the London Troops memorial at Bank Junction in the City of London. London.
1

Bank of England advisers rack up £390,000 expenses bill

Two Bank of England advisers have racked up nearly £400,000 in expenses in just two and a half years after spending on business class flights, meals and luxury hotels. The Times has obtained details of claims made by Donald Kohn and Anil Kashyap, two external members of the Bank’s financial policy committee. The documents show that […]

3

FCA to be probed on knowledge of DFM Beaufort’s collapse

The Complaints Commissioner has labelled the FCA’s response to a request for information on collapsed discretionary fund manager Beaufort Securities “not acceptable” and is calling for the disclosure of the watchdog’s files to carry out further investigation. Commissioner Anthony Townsend says he will use the files to establish a timescale of the FCA’s knowledge of, […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. Is that the same Collette Bowe that oversaw the PIA pension review?

    She might be needed back at the regulator if it is one and the same.

Leave a comment

Close

Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm

Email: customerservices@moneymarketing.com