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Bank appoints two directors

THE TREASURY has appointed Sir Ian Gibson and Kathleen O'Donovan (left) as non-executive directors at the Bank of England.

The appointments, which carry no involvement in, or responsibility for monetary policy, fill the vacancies left by Sir Colin Southgate and Sir David Lees, who stepped down after completing two terms at the end of May.

The appointments, which are made by the Queen on the recommendation of the Chancellor and the Prime Minister, are for three years. Sir Ian is vice president of Nissan Europe, while Ms O'Donovan is the finance director of the engineering group Invensys. The Treasury also said Christopher Allsopp, Howard Davies and Neville Simms had been re-appointed as non- executive directors to the court of the Bank.