Julian has announced that, after 28 years as a regulator, he will be leaving the Bank to take up the role of Group Regulatory Director at Prudential plc. Julian will begin his new post in early 2015, after his post-employment cooling off period expires. A recruitment process will begin shortly to find a successor for Julian. This position will be advertised externally as well as within the Bank. Until the appointment of Julian’s successor, Paul Fisher, Deputy Head of the PRA and Executive Director for Supervisory Risk Specialists and Regulatory Operations, will also act as Executive Director of the Insurance Directorate.