Mark Carney, the Bank of England’s (BoE) incoming governor, has appointed Charlotte Hogg, a senior executive at Santander, as the Bank’s first chief operating officer (COO).
Hogg, who joined the Spanish bank from Experian in September 2011 and heads its UK high street operations, will join the BoE on 1 July, the same date that Carney moves over from the Bank of Canada.
As the most senior female employee in the BoE’s 319-year history, she will head all the day-to-day management functions of the Bank. Prior to Hogg, the most senior woman at the BoE was Rachel Lomax, who served as a deputy governor from 2003 to 2008.
Carney said that he was delighted to have been able to persuade Hogg to move from Santander. “My tenure at the Bank will oversee a significant transition,” he said. “Charlotte brings an outstanding track record and breadth of experience that will help to catalyse that change and I look forward to working closely with her to realise the full potential of the new institutional structure of the Bank.”
Hogg said that she looked forward to rejoining the BoE, where she beguan her career in 1992. She subsequently moved to McKinsey in Washington and also worked at Morgan Stanley, before joining Experian as head of its operations in the UK and Ireland. Hogg’s mother, Baroness Sarah Hogg, was a senior adviser to former UK prime minister John Major and her father is Viscount Hailsham, the former Conservative cabinet minister Douglas Hogg.
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