UK Top Treasury Official Ramsden Appointed BOE Deputy Governor

-Joanna Place Appointed As BOE Chief Operating Officer

By David Robinson

     LONDON (MNI) - The vacancy left by the departure of former Bank of England

Deputy Governor for Markets and Banking and Chief Operating Officer Charlotte

Hogg will be filled by two people, with Joanna Place becoming COO and Dave

Ramsden taking up the deputy governorship.

     Ramsden is a well-known figure in UK economic policy-making circles, who

currently serves as Director General and Chief Economic Adviser at the Treasury.

He will become a member of the Monetary Policy Committee, the Financial Policy

Committee, the Prudential Regulation Committee and the Court of the Bank of

England.

     Ramsden will be in place for the September 13 MPC meeting, as he takes up

his post on September 4. He has been a key link between the Treasury and the

Bank, often attending MPC meetings and playing a role in the development of

joint BOE/Treasury initiatives, such as quantitative easing and Funding for

Lending.

     His appointment highlights the closeness between top Treasury officials and

Bank. Place has been acting as COO since May 1 and is a long serving BOE

employee.

--MNI London Bureau; tel: +44 203-586-2223; email: david.robinson@marketnews.com

--MNI London Bureau; +44 203-586-2226; email: jamie.satchithanantham@marketnews.com

[TOPICS: M$B$$$,M$E$$$,M$$BE$]