Former chairman of the Investment Management Association (IMA) and previous chief executive of F&C Asset Management Robert Jenkins has been appointed as an external member of the interim Financial Policy Committee (FPC).
The interim FPC has been established to prepare the ground, in advance of legislation, for the creation of the FPC as the body responsible for the stability of the financial system as a whole.
The Chancellor today announced Jenkins will fill the vacancy on its board left by the departure of Sir Richard Lambert, after consultation with governor of the Bank of England Mervyn King.
Jenkins is currently chief executive and managing partner of Combinatorics Capital, the New York-based global macro hedge fund manager and divides his time between the UK and the US
But with the appointment to the FPC he will relinquish all executive involvement with Combinatorics Capital and will relocate full time to the UK.
Jenkins headed F&C Asset Management first as CEO and then as chairman until May 2009, after 12 years at the firm. From 2007 until 2009 he was also chairman of the IMA.
He is also adjunct professor of finance at the London Business School where he teaches investment management.
Mervyn King chairs the FPC, which held its first formal meeting on 16 June.
The record of the meeting and the interim FPC's first Financial Stability Report were published on 24 June 2011 and can be found on the Bank of England's website at http://www.bankofengland.co.uk/publications/fsr/2011/fsr29.htm
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