Meet the Governor: what advisers should know about Mark Carney

MEET THE GUV'NOR

clock

Great expectations greet the Bank of England's first foreign governor, but will Mark Carney instigate great change or merely follow in the footsteps of Mervyn King? Rebecca Jones reports...

News that the governor of the Bank of Canada, Mark Carney, would be taking the top spot at the Bank of England (BoE) came as a bit of a shock when it was announced last November (1 July is his first day in the job). While we Brits had long adjusted to the idea of foreigners managing our national football teams, it seemed we were not quite ready for a Canadian to govern the BoE. Yet, while MPs, City workers and the industry’s press expressed their astonishment, they could not find much else wrong with him. Credited with steering Canada safely through one of the worst financial crises s...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Bank of England meets expectations and cuts rates to 4%

Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years

Isabel Baxter
clock 07 August 2025 • 4 min read
Think tank warns UK fiscal hole could surpass £50bn by 2030

Think tank warns UK fiscal hole could surpass £50bn by 2030

Government not on track to meet ‘stability rule’

Sorin Dojan
clock 06 August 2025 • 1 min read
Chancellor Khalaf has a plan to make our economy boom

Chancellor Khalaf has a plan to make our economy boom

'So, Sir Keir, if you're reading, I do genuinely hope Rachel is doing okay. And my number's still the same. So, you know, call me'

Laith Khalaf
clock 25 July 2025 • 5 min read