Economics

Bailey Hires First Woman for BOE’s ‘Unofficial Governor’ Role

  • Laura Wallis appointed as the governor’s private secretary
  • Previous job holders have gone on to senior BOE positions

Reliefs depicting lions sit display on a door at the Bank of England in the City of London.

Photographer: Simon Dawson/Bloomberg
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Bank of England chief Andrew Bailey has broken new ground in his choice of private secretary -- a role described by one lawmaker as the central bank’s “unofficial governor.”

Laura Wallis will become the first woman in charge of the governor’s office when she takes up the role on Aug. 3. She joined the BOE as part of the Prudential Regulation Authority in 2013, after a decade at the Financial Services Authority.