Osborne’s Scope to Reshape Bank of England Widens on Posen Exit
This article is for subscribers only.
Chancellor of the Exchequer George Osborne’s scope to reshape the Bank of England just got wider as the departure of policy maker Adam Posen lengthens the list of key staff to appoint as he also redesigns the institution.
Posen, 45, will leave the central bank at the end of August before becoming president of the Washington-based Peterson Institute, according to a statement released May 18 in London. That will further pile up Osborne’s Bank of England inbox as he drives through legislation to revamp its role and considers how to fill multiple vacancies in its leadership.