Carney’s Revamp Chief Drives BOE Shakeup as Staff Say ‘Gosh’

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One third of the way through a three-year overhaul of the Bank of England, Charlotte Hogg is wondering how officials should judge whether it’s succeeding.

The 44-year-old chief operating officer of the U.K. central bank is at the vanguard of an unprecedented revamp unleashed on the three-century-old institution by Mark Carney, its first foreign governor. The role requires Hogg to try to square the circle of how to enhance and streamline a state-owned organization without losing its public-service ethos.