BlackRock EMEA chief to take role in BoE deputy governor selection

Stephen Cohen

A BlackRock executive will sit on the advisory panel for the hiring of the Bank of England’s new deputy governor for financial stability.

The deputy governor, who also sits on the BoE's Monetary Policy Committee, will ultimately be selected by Chancellor Jeremy Hunt. Stephen Cohen, head of Europe, the Middle East and Africa at BlackRock, has been chosen to sit on the five-person advisory panel, which Investment Week understands is due to his private sector experience. However, the advisory panels for the two most recent hires to the MPC have included figures only from the Treasury and BoE. UK inflation falls to 4.6% in October Megan Greene, who became an MPC member in July 2023, and Sarah Breeden, who became deput...