Deputy Governor Paul Tucker to leave BoE
The Bank of England released a statement today confirming Paul Tucker’s intention to stand down as Deputy Governor.
Until his departure date, believed to be towards the end of the year, Mr. Tucker will assist incoming governor Mark Carney in adapting to the role.
“It has been an extraordinary honour to serve at the Bank of England over the past 30 years,” said Tucker.
“I am very proud that, through the Bank and the wider central banking community, I have been able to make a contribution to monetary and financial stability. I will continue to do so in the coming months.”
Tucker’s career at the UK central bank spanned three decades and he was appointed to his current post in 2009. His five-year term officially ends in February 2014 but Tucker’s early departure was predicted following his loss to Mr. Carney in the battle for Sir Mervyn’s post at the bank.