Stepping into a historic banking job

Ben Southwood
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WHEN he takes up the mantle at the Bank of England, Carney will be stepping into shoes filled by 119 others over 319 years, since first governor Sir John Houblon.

Carney succeeds Sir Mervyn King, who took the role on in 2003, and led the institution through the UK’s worst recession for decades. Sir Mervyn’s predecessor was heavy-smoking Eddie George, known as “Steady Eddie”, who held the role during the rapid expansion of the late 1990s. Earlier bosses include Montagu Norman, who ran the bank during 1920-1944, overseeing the exit from the gold standard.