Wednesday, 24 August 2016
Last updated 6 hours ago
Jul 13 2011 | 10:54am ET
Hedge fund executive Robert Jenkins has joined the Bank of England's Financial Policy Committee.
Jenkins, who will leave his post as CEO of New York-based Combinatronics Capital to join Britain's central bank, will be the fourth external member of the interim committee, British Chancellor of the Exchequer George Osborne said. Jenkins will take the spot of Richard Lambert, the former director-general of the Confederation of British Industry, who in May chose to forego his appointment.
The U.S.-born former Citigroup and Credit Suisse executive also serves as an adjunct professor at the London Business School. He is a former CEO of F&C Asset Management and a former head of the Investment Management Association, as well as having previously worked with the British Treasury on financial sector competitiveness and asset management.
The FPC, which will seek to ensure financial stability in Britain, is awaiting legislation to empower it; it currently has only an advisory role.
"Better ensuring financial stability is a major challenge of our time," Jenkins said. "I look forward to making a contribution and am honored by the appointment."