News Release
Senior Management Changes at the Bank of England
17 September 1998
John Townend is to become Director for Europe, a new role in which he will report directly to the Governors, and will have responsibility for co-ordinating all the Bank’s European related activities. He will act as the Governor’s alternate at the ECB. Mr Townend will be succeeded as Deputy Director for Market Operations by Bill Allen. Mr Allen, in turn, will be succeeded as Deputy Director for Monetary Analysis by Nigel Jenkinson.
Graham Kentfield, Chief Cashier of the Bank of England and a Deputy Director of the Bank, is to retire at the end of the year after 35 years service. He will be succeeded by Merlyn Lowther, who is at present the Bank’s Personnel Director. Ms Lowther was Deputy Chief Cashier from 1991-96.
John Footman will become the new Director of Personnel, and both the Bank’s Personnel Division and the Secretary’s Department will report to him. His post as Deputy Director in the Financial Stability area will be taken by Paul Tucker.
These changes will take effect from 1 January.
Notes to Editors
Merlyn Lowther will be the 29th Chief Cashier since the Bank was founded in 1694. As Chief Cashier she will head the division which provides the Bank of England’s banking infrastructure, as well as being the official in the Bank who signs bank notes.
Photographs of Ms Lowther and Mr Kentfield can be obtained from Medialink Eyecatchers on 0181 886 0101, asking for Mavis Roberts.
