Andrew Bailey (banker)

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For other people named Andrew Bailey, see Andrew Bailey (disambiguation).
Dr
Andrew J. Bailey
Chief Executive of the Financial Conduct Authority
Assumed office
July 2016
Deputy Governor of the Bank of England for Prudential Regulation
In office
2013 – July 2016
GovernorMark Carney
Preceded bynew role created by the Financial Services Act 2012
Succeeded bySam Woods
Chief Cashier of the Bank of England
In office
2004–2011
GovernorMervyn King
Preceded byMerlyn Lowther
Succeeded byChris Salmon
Personal details
Born (1959-03-30) 30 March 1959 (age 65)
SpouseCheryl Schonhardt-Bailey
ChildrenSamuel Bailey and Hannah Bailey
Alma materQueens' College, Cambridge
OccupationBanker

Dr Andrew John Bailey (born 30 March 1959) is a British banker, who was the Executive Director Banking and Chief Cashier at the Bank of England from January 2004 until April 2011. He is a member of the Governor's Executive Team, which is the bank's senior management group.[1] As Chief Cashier, Bailey's signature appeared on bank notes issued by the bank during his appointment. He currently serves as the Bank's Deputy Governor for Prudential Regulation.[1]

Education

Bailey attended Wyggeston Boys' Grammar School, Leicester from where he went to Queens' College, Cambridge, where he gained a BA and a PhD.

Career

After university, Baliey became a research officer at the London School of Economics, before joining the Bank of England in 1985.

He has worked at the Bank in a number of areas, most recently as Executive Director for Banking Services and Chief Cashier, as well as Head of the Bank’s Special Resolution Unit (SRU). Previous roles include Governor’s Private Secretary, and Head of the International Economic Analysis Division in Monetary Analysis.

Since the onset of the financial crisis in August 2007 and until April 2011, Bailey was responsible for the Bank’s special operations to resolve problems in the banking sector, and in 2009 was Chairman and Chief Executive of Dunfermline Building Society Bridge Bank Ltd.

On 1 April 2013 Bailey became the Chief Executive of the new Prudential Regulation Authority[1] and the first Deputy Governor of the Bank of England for Prudential Regulation.

On 26 January 2016, it was announced that Andrew Bailey will take over from Tracey McDermott as the boss of the UK Financial Conduct Authority [2]

References

  1. ^ a b c About the Bank | People | Andrew Bailey – Executive Director and Head of the Prudential Business Unit. Bank of England. Retrieved on 2012-04-28.
  2. ^ http://www.bbc.co.uk/news/business-35408302

External links

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