BoE seeks boss to help Governor

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The Bank of England is seeking to take the strain off its new Governor with the appointment of a new chief operating officer when it takes on responsibility for the new Prudential Regulatory Authority next year. Candidates for the new role, encompassing responsibility for finance, IT and human resources, are being sought by headhunter Odgers Berndtson, allowing the Bank's senior staff to spend more time on policy. The chief operating officer's first job will be to find a replacement for the Bank's outgoing finance director, Warwick Jones. He said: "It has been a fascinating and rewarding experience working at the Bank, if a little more exciting than I anticipated when I joined in 2006."