Source: FT Advisor

By: Donia O'Loughlin

The Court of the Bank of England has approved Andrew Hauser as executive director for banking, payments and financial resilience, effective from 1 September 2015.

Mr Hauser joined the Bank in 1992, and has worked at senior levels across most of its major policy and operational areas. Most recently, he was director for markets strategy, where he led the fair and effective markets review Secretariat.

Mr Hauser will report to Minouche Shafik, the deputy governor for markets and banking.

As executive director, he will be responsible for assessment of financial risk to the Bank of England’s balance sheet; the development of the Bank’s payment system services; and the Bank’s wholesale and retail banking operations, including emergency liquidity assistance.

Mark Carney, Bank of England governor, said: “On behalf of the Bank’s senior management team, I look forward to working closely with Andrew in our efforts to ensure the robust delivery of services to critical payment systems, and to reshape core markets and the Bank’s relationship to them via the sound risk management of our balance sheet.

“I would also like to thank Andrew for all his hard and productive work as head of the fair and effective markets review secretariat over the past year.”