Brazier was previously private secretary to governor Mark Carney. He first joined the bank in 2001 as an economist before working his way up the ranks.
The FPC’s main task is to oversee system-wide risk in the financial sector. He will become executive director for financial stability and risk on 16 March and will join the FPC on 1 April, filling the vacancy left by Spencer Dale.
The Bank also said it had appointed Sam Woods as executive director for insurance supervision, effective 7 April.