Capital Economics Founder Bootle Pares Back Role at Consultancyby
Bootle steps down from executive duties for part-time role
Loynes named chief economist, Dowson as chief executive
Roger Bootle has stepped down from executive responsibilities at Capital Economics, the consultancy he founded, after 17 years.
Bootle, author of six books including “The Death of Inflation,” is a member of the Economists for Brexit group that campaigned for the U.K. to leave the European Union. He won the Wolfson Economics Prize in 2012 for proposing a contingency plan for the breakup of the euro area.
Bootle will continue as chairman in a non-executive capacity on a part-time basis and spend more time on journalism, speaking engagements and book writing, Capital Economics said in an e-mailed statement. Commercial Director Bob Dowson will take on the role of chief executive and Jonathan Loynes becomes the firm’s chief economist, managing the team and their output.
Capital Economics was founded in 1999 after Bootle left the position of Group Chief Economist at HSBC Holdings Plc. LDC Managers Ltd owns a 35 percent stake in the firm with the rest owned by senior management and employees.
Julian Jessop will leave the company in January after 12 years. His role will be filled by Caroline Bain as chief commodities economist and Andrew Kenningham as chief global economist. The firm named Jennifer McKeown as chief European economist.