Canadian unexpectedly named as next Bank of England boss

Bank of Canada governor Mark Carney was unexpectedly named head of the Bank of England as the British government looked abroad for a candidate untainted by financial turmoil.

26th November, 2012
Mark Carney.

Bank of Canada governor Mark Carney was unexpectedly named head of the Bank of England as the British government looked abroad for a candidate untainted by financial turmoil to lead the beefed-up central bank.

Carney, a 47-year old former Goldman Sachs Group managing director, will become the first foreigner to run the 318-year-old institution as it absorbs new powers to oversee banks. He’ll replace Mervyn King from July as policy makers pursue record-low interest rates...

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