Bank of England hires Santander’s Hogg as COO

 
Suzie Neuwirth

THE BANK of England today announced that it has appointed Charlotte Hogg to take up the newly created role of chief operating officer.

Hogg is currently head of retail distribution and intermediaries at Santander UK and moves to the central bank on 1 July.

The new role was announced last year, following a restructure of Britain’s regulatory framework which put the Bank of England in charge of monetary policy and financial regulation.

Sir David Lees, Chairman of Court and of the panel that conducted the first round of interviews, said that the role is “essential to the day-to-day management” of the expanded bank.

Outgoing Governor Sir Mervyn King said: “I am delighted that Charlotte Hogg has accepted the invitation to become the Bank’s first COO, a position that we have been designing over the past two years in response to the Bank’s new responsibilities.”

“My tenure at the Bank will oversee a significant transition,” said Mark Carney, who will become Governor of the Bank on 1 July, and made the appointment.

“Charlotte brings an outstanding track record and breadth of experience that will help to catalyse that change and I look forward to working closely with her to realise the full potential of the new institutional structure of the Bank.”