Former Bank of England policy maker Kate Barker was named as a non-executive director at Electra Private Equity Plc, a London-based buyout fund.
Barker will take up the role on Nov. 1, the London-based company said in a statement today. Zurich-based bank Credit Suisse Group AG said Sept. 30 she had been appointed as a senior adviser in its fixed-income research division.
Barker stepped down from the central bank’s Monetary Policy Committee in May after serving three consecutive three-year terms on the panel. She was formerly an economist at the Confederation of British Industry, the U.K.’s biggest business lobby, and published reports for the former Labour government on the housing market.
“I am delighted to welcome Kate Barker to the board of Electra,” Colette Bowe, chairman of Electra, said in the statement. “She brings with her a wealth of economic and political experience.”
Barker said on Sept. 23 that the case for the central bank to inject more stimulus in the economy through its bond-purchase plan is looking “less certain” as inflation holds above the bank’s 2 percent target.
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