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BoE Deputy Governor to Quit Central Bank

Paul Tucker, the deputy governor of the Bank of England who lost out on the top job to the Canadian Mark Carney, has announced that he will leave Threadneedle Street in the autumn.

In a statement released on Friday morning, the Bank said Tucker would provide support to the new governor, before departing, initially to spend a period of time in US academia.

In his resignation letter to the chancellor, Tucker, one of the Bank’s three deputy governors, said: “I am grateful to you for agreeing that I should step down slightly before the end of my term as a deputy governor of the Bank of England but after I have been able to provide support to the new governor in his first few months in office.”

Tucker was appointed for a five-year term, which was due to end next February. His name is now likely to be linked with top banking jobs, such as the soon to be vacant chairman’s role at Lloyds Banking Group, which is 39% owned by the taxpayer, and could be the first of the two state-backed banks to return to the private sector.

via The Guardian [1]

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Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza