Nemat Shafik secures new BoE role

BoE shake-up brings in IMF's Shafik

The Bank of England

The Bank of England (BoE) has hired Nemat ‘Minouche' Shafik as its first deputy governor for markets and banking. Shafik joins the central bank from his role as deputy managing director at the International Monetary Fund (IMF), and will begin on August 1.

The appointment is part of a major shake-up of the BoE's governing structure, including its highest ranks, unveiled this week by governor Mark Carney. The overhaul will come into effect on June 1, and has created several new positions and job

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