Mark Carney named new Bank of England governor..he ticks all the boxes
Mark Carney has been named as the new governor of the Bank of England by Chancellor George Osborne.
Mr Carney, the governor of the Canadian central bank, will serve for five years and will hold new regulatory powers over banks.
He was a surprise choice for the head of the UK’s central bank and had previously ruled himself out.
The post is seen as one of the most important positions in the stewardship of the UK economy.
Current governor Sir Mervyn King steps down from the post next June.
Sir Mervyn said Mr Carney represented “a new generation of leadership for the Bank of England, and is an outstanding choice to succeed me”.
Carney achieved these positions by working his way up the ranks of Goldman Sachs, the Canadian Department of Finance, and the Bank of Canada as Deputy Governor. Carney has been credited with shielding Canada from the worst effects of the late-2000s financial crisis, and has earned recognition by the Financial Times and TIME magazine as a top figure in the financial world.
On November 26, 2012, Carney was announced as the next Governor of the Bank of England by British Chancellor of the Exchequer George Osborne. Carney will assume the position on July 1, 2013 for a five-year term.
Carney and his brothers all studied at Harvard University.
Carney spent thirteen years with Goldman Sachs in its London, Tokyo, New York and Toronto offices. His progressively more senior positions included co-head of sovereign risk; executive director, emerging debt capital markets; and managing director, investment banking. He worked on South Africa’s post-apartheid venture into international bond markets, and was involved in Goldman’s work with the 1998 Russian financial crisis.
He was named one of the Financial Times’ Fifty who will frame the way forward.
Carney was chairman of the Bank for International Settlements’ Committee on the Global Financial System from July 2010 until January 2012. Carney is also a member of theGroup of Thirty, an international body of leading financiers and academics, and of the Foundation Board of the World Economic Forum. In 2012, Carney attended the 60th Bilderberg Group meeting in Chantilly, Virginia.
i knew what i would see when i pulled up his wiki page..and i wasnt disappointed..
goldman sachs employee, harvard educated, bilderberger, BIS employee and WEF leader..i rest my case..