The Bank of England has appointed Charlotte Hogg as its Chief Operating Officer. Charlotte is currently Head of Retail Distribution and Intermediaries at Santander UK. She will take up her role at the Bank on 1 July.
The Chief Operating Officer (COO) role is new to the Bank, and its creation reflects the recent increase in the Bank’s front-line functions.The COO will take responsibility for all aspects of the day-to-day management of the Bank, including Human Resources, Finance, Property, IT and Security.The COO will have status and remuneration equivalent to the three Deputy Governors.
Outgoing Governor Sir Mervyn King said, “I am delighted that Charlotte Hogg has accepted the invitation to become the Bank’s first Chief Operating Officer, a position that we have been designing over the past two years in response to the Bank’s new responsibilities.I have followed Charlotte’s highly successful career with great interest since her time as a Kennedy Scholar.She is an important addition to the Bank’s new team.”
Mark Carney, who will become Governor of the Bank on 1 July, and made the appointment, said, “I am delighted that Charlotte will be part of the senior team at the Bank.My tenure at the Bank will oversee a significant transition.Charlotte brings an outstanding track record and breadth of experience that will help to catalyse that change and I look forward to working closely with her to realise the full potential of the new institutional structure of the Bank.”
Charlotte Hogg said, “I am delighted to be returning to the Bank of England, where I started my career in 1992. I am looking forward to working closely with Mark Carney as he takes over the Governorship.” Charlotte Hogg is currently Head of Retail Distribution and Intermediaries at Santander UK. She will take up her role as Chief Operating Officer at the Bank on 1 July.
Charlotte read economics and history at Oxford and was a Kennedy Scholar at Harvard.She entered the Bank of England in 1992 as a graduate entrant, but left in 1994 to join McKinsey in Washington.In 2001 Charlotte became Managing Director for Strategy and Planning at Morgan Stanley, from which she joined Discover Financial Services – a Morgan Stanley spin-off – responsible for the credit card business.In 2008 she joined Experian as Managing Director UK and Ireland. She took on her present role at Santander in 2011.