What the city made of George Osborne’s latest appointment

VIJAY KRISHNASWAMY
HYMANS ROBERTSON

“We see this as an exciting and bold step for the Bank of England. Mark Carney is a well-respected financial figure with a strong track record.”

PHILIP SHAW
INVESTEC

“Mark Carney is a surprise choice but he is highly respected, and experienced, regulating the Canadian banking system and chairing the G20’s Financial Stability Board.”

MARTIN GILBERT
ABERDEEN ASSET MANAGEMENT

“The appointment is astute. He comes with strong international credentials as a board member at the Bank of International Settlements and as Financial Stability Board chair.”

NEIL WILLIAMS
HERMES

“Carney is a highly credible choice – for both the policy establishment and financial markets. He has helped steer Canada to be the G7’s best recovery-rate-economy.”

KATJA HALL
CBI

“Carney’s strong track record as the Canadian central bank governor and extensive experience in financial regulation mean he is well positioned to guide the UK through challenging times.”

ROBERT WOOD
BERENBERG BANK

“Carney is an excellent choice for BoE governor, bringing a top quality CV and a factor that Paul Tucker lacked: he comes from outside the Bank of England.”

DOUGLAS MCWILLIAMS
CEBR

“The task for Carney is to know when to overrule his underlings. He will get a better press if he can persuade them to agree, but it is more important for him to get it right. “

HOWARD ARCHER
IHS GLOBAL INSIGHT

“The appointment of Carney likely reflects the view that it is a good time to have a complete new broom within the Bank of England following Sir Mervyn King’s dominance.”