Sarah will move from her current role as Executive Director for UK Deposit Takers Supervision where she has overseen UK firms through the Covid crisis and shaped the Bank’s work on climate change.
Sarah was previously the Executive Director for International Banks Supervision. Prior to that she has held positions in Financial Stability, Markets and Banking Directorates. She played leading roles in both the creation of the Prudential Regulation Authority and the Bank’s work during the financial crisis.
Sarah will report to the Deputy Governor for Financial Stability Jon Cunliffe. Both roles will become effective from the summer when official start dates are confirmed. Her appointment fills the vacancy left by the departure of Alex Brazier in March 2021.
The role was advertise internally and externally. Candidates were interviewed by panels consisting of Deputy Governors and Court. Shortlisted candidates were then interviewed by the Governor before the final selection was submitted to the Bank’s Court for approval.
Andrew Bailey, Governor of the Bank of England, said:
"Sarah’s extensive experience having worked in a range of areas across the Bank means she is distinctly qualified to take up this integral role at the Bank. Her expertise in financial stability and prudential supervision, and most recently leading much of our work addressing the financial risks from climate change, will prove a real asset.”