BoE deputy governor Paul Tucker quits after 33 years

Deputy governor is bound for academia in the US after helping with transition to new Carney regime

Paul Tucker

Bank of England (BoE) deputy governor Paul Tucker has called time on a 33-year career at the central bank and will leave after he has "provided support to the new governor, Mark Carney, through the first months of his term of office". Carney starts on July 1.

Tucker, whose five-year term as deputy governor for financial stability was due to end in February 2014, has worked at the Bank of England since 1980 and served under four governors. Carney will be the fifth.

Tucker was the front-runner to

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