On October 1, 2020, the Bank of England announced the appointment of Dr. Rachel Lomax as Deputy Governor of the Bank of England. Dr. Lomax is a highly respected economist and financial expert, and her appointment is a major milestone for the Bank of England.
Dr. Lomax has a long and distinguished career in economics and finance. She has held a number of prominent positions in the public and private sectors, including a stint as Permanent Secretary at the Department for Transport. She was also a member of the Monetary Policy Committee at the Bank of England from 2003 to 2008, and was a non-executive director of the Financial Services Authority from 2009 to 2013.
Dr. Lomax’s appointment as Deputy Governor of the Bank of England is a significant development for the institution. As Deputy Governor, she will be responsible for overseeing the Bank’s operations and helping to ensure that its policies are implemented effectively. She will also be responsible for helping to shape the Bank’s strategy and direction, as well as providing advice to the Governor on economic and financial matters.
Dr. Lomax’s appointment is also a major step forward for diversity and inclusion at the Bank of England. She is the first woman to be appointed to the role of Deputy Governor in the Bank’s history, and her appointment marks an important milestone in the institution’s commitment to promoting diversity and inclusion in its leadership.
Dr. Lomax’s appointment is a testament to her expertise and experience in economics and finance, as well as her commitment to promoting diversity and inclusion in the financial sector. Her appointment is sure to have a positive impact on the Bank of England and its operations, and will undoubtedly help to ensure that the institution continues to be a leader in economic and financial policymaking.