Bank of England veteran Sharma leaves for consultancy job with Alvarez & Marsal

The deputy head of the Prudential Regulation Authority (PRA) and executive director at the Bank of England for Policy is departing after 20 years in regulation.

Paul Sharma will now move to consulting firm Alvarez & Marsal as co-head of regulatory practice.

The past twenty years as a regulator have allowed me to experience a wide range of challenges and developments in global and domestic regulation across both banking and insurance. It has been a great privilege working at the Bank of England, but now is the time to seek a fresh challenge and I want to wish all of my colleagues the best for the future.