Bank of England appoints Charlotte Hogg as deputy governor

Chief operating officer will manage Bank's strategy during Brexit negotiations and sit on monetary policy committee

The Bank of England has appointed Charlotte Hogg as its second most powerful executive, in a role that hands the former financier the task of keeping a check on Britain's financial sector.

Hogg has been appointed deputy governor for markets and banking, while consolidating her position at Threadneedle Street by retaining her current role as the central bank's chief operating officer. She replaces Minouche Shafik, who is becoming director of the London School of Economics.