Ben Broadbent reappointed as BoE deputy governor

Additionally, three new non-executive directors have been appointed to Court – Ron Kalifa OBE, Frances O’Grady and Hanneke Smits. They will all serve four year terms beginning on the 1st of June.

Ben Broadbent commented: “I am honoured to be able to continue serving the British public in my role as deputy governor, working with my colleagues to deliver monetary and financial stability for the UK.”

Governor Mark Carney said: “I am delighted that Ben Broadbent has agreed to serve a second term as deputy governor for monetary policy. Ben’s commitment to advancing and challenging the Bank’s analytical capabilities and the intellectual rigour he contributes to policymaking discussions are invaluable to our delivery of monetary and financial stability.

“I welcome the appointment of Ron, Frances and Hanneke to Court as non-executive directors. They bring with them vast and diverse expertise developed both inside and outside the financial sector and are tremendous assets to have join this institution. I look forward to working with them over the coming months and hearing their new perspectives in discussions at Court.”

Bradley Fried, Chair of Court, said: “We are lucky to have Ron, Frances and Hanneke join Court and I am personally very pleased to be working with them as non-executive directors. The Bank is a unique institution and Court has an important role to play in overseeing all its functions.

"Ron brings with him an understanding of payment systems and transformational change which will be of great benefit as we renew the Bank’s real time gross settlement service. Frances’ deep knowledge of the world of work from her background at the Trade Unions Congress will provide important perspective to Court’s discussions. Hanneke’s leadership within the asset management and private equity industry will undoubtedly further bolster our understanding of the challenges facing that sector.

"The Bank will need to continue to evolve as the world around it does and I am confident that these additions to Court will help the Bank remain at the forefront of monetary and financial stability in the UK.”