Carney’s BOE Revamp Opens New Front With Shakeup of Management

Ben Broadbent and Nemat Shafik will become deputy governors at the Bank of England as Mark Carney leads the biggest management shakeup since the institution gained independence in 1997.

The appointments were announced along with news that Chief Economist Spencer Dale and Andrew Haldane, executive director for financial stability, will swap jobs, while Markets Director Paul Fisher will no longer sit on the Monetary Policy Committee. Broadbent is currently an external member of the MPC, while Shafik is an official at the International Monetary Fund.