Paul Fisher has been the Bank of England's Executive Director for Markets since March 2009. He is responsible for all Bank operations in financial markets; management of the Bank’s balance sheet and the UK's official foreign exchange reserves on behalf of HMT; and delivering market intelligence for monetary and financial stability.
Paul is a member of the Monetary Policy Committee (MPC) as well as several senior management committees of the Bank. He is also chairman of The ifs School of Finance.
Paul joined the Bank in 1990, having previously worked at the University of Warwick between 1980 and 1990 where he specialised in research on macroeconomic models.
He has been part of the Bank's senior staff since 1995. Those positions include:
- Head of Foreign Exchange Division (FED) 2002-09, where he was responsible for management of the UK's official foreign exchange reserves and the foreign currency operations of the Bank of England. As head of that division, Paul chaired London's Foreign Exchange Committee (known as the Foreign Exchange Joint Standing Committee).
- Private Secretary to the late Governor, Sir Edward George, 1999-2002, where he was responsible for organising the Governor's office and acted as secretary to committee meetings of the Governors and Executive Directors.
- Head of the Conjunctural Assessment and Projections Division 1995-1999, where he was responsible for the Bank's domestic and international forecasts and economic assessment of the major international economies. The data analysis role included assessing the work of the Bank's regional Agents. From June 1997, presented both data assessment and forecasts to the MPC.
Paul has written extensively on economic models of the UK economy and written or contributed to numerous articles on macroeconomic models, business cycles and exchange rates. He achieved a BSc in economics with statistics at the University of Bristol in 1980 and also achieved his PhD in macroeconomic modelling at the University of Warwick in 1990.