Former Bank of England deputy governor Charlotte Hogg close to joining Visa Europe as chief executive

Jasper Jolly
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Charlotte Hogg resigned from the Bank of England in March

Former Bank of England deputy governor Charlotte Hogg is in discussions on taking the top job at payments giant Visa Europe, according to reports.

Hogg, who resigned from the Bank in March, has been offered the role of chief executive, Sky News reported.

The move would represent a swift return to a top role at a major financial services company after her resignation surprised many in the City.

Visa Europe is a wholly owned subsidiary of New York-listed Visa.

Hogg left the Bank after receiving criticism from the Treasury Select Committee over the failure to declare her brother’s role at Barclays bank.

Read more: Charlotte Hogg vindicated but her exit remains a loss

She had been widely tipped for an even more prominent future role when she was appointed to the rate-setting monetary policy committee (MPC) shortly before the critical report. She also served as the Bank’s deputy governor for markets and banking and the chief operating officer.

While Bank governor Mark Carney initially refused to accept her resignation, Hogg insisted the criticism meant she had to leave.

As well as the Bank, Hogg, the daughter of former Conservative MP Douglas Hogg and former BBC governor Baroness Hailsham, had a string of City roles, including at US bank Morgan Stanley and credit score giant Experian. In 2011 she became head of Santander's UK high street banking operation.

The Bank of England would require prior notification of a move to Visa Europe because it is responsible for regulating the payments services industry. However, a spokesperson for the Bank declined to comment on an individual case.

Visa Europe declined to comment.

Read more: Charlotte Hogg quits as Bank of England deputy governor

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