Former Bank of England chief to lead new Bloomberg board

Shake up in upper management ranks has fuelled speculation around succession plans to founder Michael Bloomberg

Michael Carney: New Bloomberg board leader was governor of the Bank of England for nearly seven years, from July 2013 to March 2020. Picture: PA

Former Bank of England boss Mark Carney has been appointed to head up a new board of directors at media financial services group Bloomberg as part of a management overhaul at the firm.

In an email to staff on Monday, the firm’s 81-year-old founder and former New York City mayor Michael Bloomberg announced that former chief product officer Vlad Kliatchko was also being promoted to chief executive.

It comes amid mounting speculation over succession plans ...