Two new deputy governors have been named at the Bank of England, as part of a radical shake-up by governor Mark Carney. Ben Broadbent will become deputy governor responsible for monetary policy, and Nemat Shafik will take charge of markets and banking.
Ms. Nemat Shafik, a national of Egypt and the UK has been nominated to the position of Deputy Managing Director of the International Monetary Fund. She will succeed Mr. Murilo Portugal, who resigned effective March 4, 2011.