News release
The Court of the Bank of England today appointed Nathanaël Benjamin as Executive Director for Financial Stability Strategy and Risk (FSSR). Nathanaël (Nat) will also become a member of the Financial Policy Committee (FPC).
Nat will move from his current role as Executive Director for Authorisations, RegTech and International Supervision where he has overseen the supervision of international banks in the UK since 2021 and chaired the Senior Trilateral supervisory network between the Federal Reserve, the European Central Bank, and the Bank of England.
Nat was previously the Interim Executive Director for Finance and Chief Financial Officer and prior to that has held positions in Risk, Financial Stability, Markets and Banking, and Supervision.
Nat will report to the Deputy Governor for Financial Stability Sarah Breeden and his role will become effective from December 2023.
The role was advertised 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:
"Nathanaël has wide-ranging experience and knowledge of financial analysis and risk, as well as supervision. He also has extensive knowledge of the Bank and the financial sector and will be a great asset to the FPC.”