Carney Hires McKinsey for Bank of England Strategy Rethink
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Bank of England Governor Mark Carney hired McKinsey & Co. and Deloitte LLP to review the central bank’s resources and identify cost savings after it took on expanded responsibilities.
McKinsey will work on a strategic plan examining the BOE’s priorities for the coming years and Deloitte will help conduct a “value for money” review focusing on operations including information technology and human resources, the BOE said today. Both companies were chosen after a competitive tender, it said.