Hogg appointed as Bank's new COO


Bank of England

The Bank of England has continued its shake-up by appointing a senior female banker to the new role of chief operating officer.

The central bank said Charlotte Hogg, the head of retail at Spanish-owned lender Santander UK and the daughter of former Conservative minister Douglas Hogg, will join on July 1.

Ms Hogg will take responsibility for all day-to-day management of the Bank in an appointment approved by incoming governor Mark Carney.

Mr Carney, who takes over next month from Sir Mervyn King, said Ms Hogg will help "catalyse change" at the Bank.
Her appointment comes just days after deputy governor Paul Tucker announced he is quitting the Bank in the autumn after losing out on the top job to Mr Carney, a Canadian.

Ms Hogg is currently head of retail distribution and intermediaries at Santander UK, overseeing a network of almost 1,200 branches.

She started her career at the Bank of England as a graduate in 1992, and other previous roles include UK managing director of credit checking group Experian and senior posts at McKinsey and Morgan Stanley.

Her father, Viscount Hailsham, was a member of the Margaret Thatcher and John Major governments, but stood down as an MP in 2010 after reportedly claiming expenses to clean his moat.

Ms Hogg's mother Sarah, or Viscountess Hailsham, is the former economics editor of The Independent newspaper.

Her role will have the same status and pay - about £260,000 a year - as the Bank's two deputy governors.

© 2013 Press Association