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Paul Tucker to leave Bank of England

Staff writer |
London, United Kingdom - June 14, 2013, London, United Kingdom - Paul Tucker, Deputy Governor for Financial Stability, announced his intention to leave the Bank of England.

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The exact date of his departure from the Bank will be confirmed but it is likely to be in the autumn. Until he leaves the Bank, Paul will also continue to be an active member of the G20's Financial Stability Board (FSB) and of other international committees.

Mr. Tucker was appointed Deputy Governor for Financial Stability in 2009, for a five-year term ending in February 2014. He joined the Bank of England in 1980, soon after graduating from Cambridge University. He has worked on monetary policy, financial stability, markets, payment and settlement system infrastructure, and banking supervision.

In 2002, Mr. Tucker became the Bank's Executive Director for Markets and a member of the Monetary Policy Committee. As Deputy Governor, he became a member of the Bank's Court of Directors and, in 2011, of the new Financial Policy Committee. In 2013 he became a member of the Board of the new Prudential Regulation Authority.

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