A new Chair of the Court of the Bank of England has been appointed by Her Majesty the Queen.
David Roberts is expected to take up his role at the Bank in Autumn 2022 and will succeed Sir Bradley Fried who served as Chair from June 2018 to June 2022.
The Bank’s Court acts as a unitary board, setting the organisation’s strategy and budget and taking key decisions on resourcing and appointments.
As Chair of the Court, Roberts will be responsible for leadership of the board and ensuring its effectiveness on all aspects of its role.
The Chancellor of Exchequer, Nadhim Zahawi said: “I am delighted that David Roberts is taking on this vital and demanding role.
“His knowledge and experience will be invaluable as the Bank’s Court carries out its important work in the months and years ahead.”
Andrew Bailey, Governor of the Bank of England, added: “I am delighted that David Roberts has been appointed as our new Chair of Court. This role is key to the Bank’s governance and the life of the Bank more broadly and I have no doubt that he will build on the excellent leadership provided by Brad Fried.
“David will bring a welcome fresh perspective to Court and I look forward to working with him.”
Roberts concluded: “I am deeply honoured to be joining the Bank as Chair and look forward to working with Andrew Bailey, my fellow Directors, and the wider Bank team to deliver the organisation’s core mission for the British public.”
