Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

All bets are off on the next BoE governor

All bets are off on the next BoE governor

Paul Tucker is now being seen as a certainty to be named the next governor of the Bank of England.

Bookies, including Paddy Power, have stopped taking bets on Tucker (pictured) with many commentators expecting him to be confirmed ahead of the chancellor’s Autumn Statement on 5 December.

Already one of the two deputy governors at the Bank, an internal appointment had been expected and this is reflected in the odds with Adair Turner now a rank outsider for the role at 11/1.

The National Institute of Economic and Social Research president Terence Burns is 10/1, as is Sir John Vickers.

King’s tenure does not officially end until 30 June, but pressure is mounting for his successor to be named sooner rather than later. The Bank first advertised the job in September and the list of runners and riders has gradually been whittled down with early names in the frame, such as Goldman Sachs chairman Jim O'Neill, who was tipped for the job as early as April, falling by the wayside.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
1 Comment Play Citywire Scotland: how wealth managers use new tech

Citywire Scotland: how wealth managers use new tech

We caught up with a few wealth managers at our annual event in Gleneagles to find out what technological innovations they are employing across their businesses.

1 Comment Play CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

Do not miss the first two minutes of this film as Richard Buxton shares how he has been challenged by a client for owning shares in a certain company.

Play CEO Tapes: the huge opportunities for asset managers

CEO Tapes: the huge opportunities for asset managers

From tech disruption, retirement and poaching, the CEO discuss the opportunities for their businesses in this episode.

Read More
Wealth Manager on Twitter