Earlier today the Chancellor announced that Andrew Bailey will become the new Governor of the Bank of England from 16 March 2020.

Keith Skeoch, Chief Executive Officer of Standard Life Aberdeen, comments:

“Andrew Bailey’s appointment as Governor of the Bank of England is welcome. Given his breadth of experience and expertise, both within the Bank and across the financial sector, he was the natural choice to succeed Mark Carney. He will take over the reins at a tricky time given the range of uncertainties which seem likely to dominate the monetary and financial policy debate in 2020 and beyond. As such another safe pair of hands on the tiller will be most welcome. I look forward to working with him.”

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