Alastair Clark is to become Adviser to the Governor with special responsibility for liaison between the Bank and the financial sector. This new role is a key part of the Bank's plans to introduce a broader and more systematic approach to its contacts with the City and the wider financial community. Mr Clark will continue as a member of the Bank's Executive Team.
Nigel Jenkinson, at present Deputy Director for Monetary Analysis, is to succeed Mr Clark as Executive Director for Financial Stability on 1 October.
Merlyn Lowther will be retiring from the Bank after 28 years service, the past five as Chief Cashier.Press release