Updated: Monday, 6th July 2020 @ 6:52pm

'An outstanding appointment': Former Manchester University graduate given top Bank of England role

'An outstanding appointment': Former Manchester University graduate given top Bank of England role

| By MM staff

A former Manchester University student has been appointed a Deputy Governor of the Bank of England by the Queen.

Economist Sir Jon Cunliffe, 60, will start work on November 1 and will take on the responsibility for financial stability.

His appointment was made on the recommendation of Chancellor George Osborne and Prime Minister David Cameron. He will replace Paul Tucker.

Mr Osborne said: “With his extensive experience in economic and financial policy, and very strong record of service at the highest levels of government in this country and internationally, Sir Jon Cunliffe will be an outstanding Deputy Governor of the Bank of England.’’

After graduating from Manchester University, Sir Jon lectured at the University of Western Ontario, before joining the Civil Service in 1980.

He had held a number of positions within Government and at the Treasury and has most recently been served as Britain's Permanent Representative to the European Union.

Mr Osborne added: ‘’His deep experience in engaging with the European Union will be instrumental in ensuring Britain's financial services are well represented and protected. I wish him well in his new role.’’

Image courtesy of BBC Parliament, via YouTube, with thanks.

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