Three new senior appointments have been made at the Bank of England in a shake-up of the internal structures.

Following allegations about Bank officials’ knowledge of reported forex rigging, Dr Nemat Shafik has been appointed to the new position of deputy governor for markets and banking. 

Ben Broadbent will take over from Charlie Bean as deputy governor for monetary policy and Anthony Habgood will be the new chairman of the court.

George Osborne said: “I am delighted to announce the appointment of three such highly qualified and experienced people to join the Bank’s already excellent executive team. Their impressive experience of business, economics and international finance will strengthen and diversify the Bank’s top team.”

Governor Mark Carney added that the appointments would help build a “well-rounded senior management team” at the institution.

PoliticsHome