Central Banks
BlackRock Executive to Vet Candidates for Bank of England Post
- Stephen Cohen on panel reviewing picks for deputy governor
- Government seeks ‘diversity of thought’ in selection process
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A BlackRock Inc. executive will help choose the second most powerful official at the Bank of England, an arrangement that gives the world’s largest money manager a chance to help shape future policy direction by the central bank.
Downing Street has tapped Stephen Cohen, BlackRock’s head of Europe, the Middle East and Africa, to sit on a five-member panel reviewing prospective deputy governors for the BOE. The Treasury needs to replace Ben Broadbent, the bank’s deputy governor for monetary policy, who is due to step down in June.