Pembroke: Bidding au revoir to the Bank of England

A little musical chairs at the top of the financial world. It is confirmed that Andrew Crockett, an executive director of the Bank of England, is to join the Bank for International Settlements in Basle as general manager. He succeeds Alexandre Lamfalussy, president-elect of the European Monetary Institute.

The move, which will take place in the new year, signals the end of Mr Crockett's second spell at Threadneedle Street.

He first joined the Old Lady in 1966 fresh out of Cambridge and Yale, then spent 17 years with the International Monetary Fund, including seven as deputy director of the research department. He returned to the Bank four years ago.

Mr Crockett, 50, who has penned two books on monetary policy, was in Basle yesterday. Putting the finishing touches on his package, presumably.

An aside to the debacle at Yorkshire- Tyne Tees Television, which has got itself into a pickle after selling more advertising space than it could actually screen. As ad agencies scramble to get their money back, the company is in the process of launching a new TV magazine with lots of special offers. It is called Cashback.

Patricia Knox, assistant City editor of the London Evening Standard, is to change sides and join the Stock Exchange as chief press officer. Ms Knox, who moved to Britain from Canada in 1972, is quite chuffed. 'I was headhunted,' she chirps. 'And after 17 years at the Standard, I don't think I can be described as a short-termer.'

The market for City analysts is hotting up, although going mad might be a more accurate description. In August, Nomura shelled out an inflationary pounds 1.3m over three years to poach Michael Lever, banking analyst at Smith New Court, whose team is ranked number two by Extel.

Now it is rumoured that Smith New Court is paying 'significantly more' for Richard Coleman of James Capel, whose team Extel rates fifth.

All this money sloshing around and the two haven't even begun work yet. Mr Lever doesn't start until the new year. And Mr Coleman is working out his six months' notice at home before starting at Smiths in April. Listless analysts should get their CVs ready.

No one can accuse the electricity analyst Chris Rowland of not trying life on the other side in the supposedly competitive market - even if he did get his fingers burned in the process.

Until earlier this year, Mr Rowland led BZW's UK research team, but boldly left to set up a company called Cabah to buy and operate National Power and PowerGen stations. After all, this was an activity encouraged by Offer, the regulator. Funding proved no problem, nor did finding customers or suppliers. What scuppered the Rowland plan appears to have been that the 'competitive' generators did not want to sell off their stations.

An older and wiser Mr Rowland has now returned to the City fold - as European electricity analyst at Merrill Lynch.

(Photograph omitted)

Teeth should be brushed twice a day to prevent tooth decay
Bryan Cranston as Walter White, in the acclaimed series 'Breaking Bad'
footballChelsea 6 Maribor 0: Blues warm up for Premier League showdown with stroll in Champions League - but Mourinho is short of strikers
Those who were encouraged to walk in a happy manner remembered less negative words
Arts and Entertainment
Princess Olga in 'You Can't Get the Staff'
tvReview: The anachronistic aristocrats, it seemed, were just happy to have some attention
Renee Zellweger as Bridget Jones
ebooksAn unforgettable anthology of contemporary reportage
Life and Style

Board creates magnetic field to achieve lift

There have been various incidents of social media users inadvertently flouting the law

Life and Style
Stack ‘em high?: quantity doesn’t always trump quality, as Friends of the Earth can testify
techThe proliferation of online petitions allows us to register our protests at the touch of a button. But do they change anything?
Bourgogne wine maker Laboure-Roi vice president Thibault Garin (L) offers the company's 2013 Beaujolais Nouveau wine to the guest in the wine spa at the Hakone Yunessun spa resort facilities in Hakone town, Kanagawa prefecture, some 100-kilometre west of Tokyo
CSKA Moscow celebrate after equalising with a late penalty
footballCSKA Moscow 2 Manchester City 2: Premier League champions let two goal lead slip in Russia
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Helpdesk Analyst

£23000 per annum + pension and 22 days holiday: Ashdown Group: An established ...

Senior Helpdesk Analyst / Service Desk Co-ordinator

£27000 per annum + pension, 22 days holiday: Ashdown Group: An established ind...

Senior Pensions Administrator

£23000 - £26000 Per Annum: Clearwater People Solutions Ltd: Our client is curr...

Corporate Actions Administrator / Operations Administrator

£25 - 30k: Guru Careers: A Corporate Actions Administrator / Operations Admini...

Day In a Page

Indiana serial killer? Man arrested for murdering teenage prostitute confesses to six other murders - and police fear there could be many more

A new American serial killer?

Police fear man arrested for murder of teen prostitute could be responsible for killing spree dating back 20 years
Sweetie, the fake 10-year-old girl designed to catch online predators, claims her first scalp

Sting to trap paedophiles may not carry weight in UK courts

Computer image of ‘Sweetie’ represented entrapment, experts say
Fukushima nuclear crisis: Evacuees still stuck in cramped emergency housing three years on - and may never return home

Return to Fukushima – a land they will never call home again

Evacuees still stuck in cramped emergency housing three years on from nuclear disaster
Wildlife Photographer of the Year: Intimate image of resting lions claims top prize

Wildlife Photographer of the Year

Intimate image of resting lions claims top prize
Online petitions: Sign here to change the world

Want to change the world? Just sign here

The proliferation of online petitions allows us to register our protests at the touch of a button. But do they change anything?
Ed Sheeran hits back after being labelled too boring to headline festivals

'You need me, I don’t need you'

Ed Sheeran hits back after being labelled too boring to headline festivals
How to Get Away with Murder: Shonda Rhimes reinvents the legal drama

How to Get Away with Murder

Shonda Rhimes reinvents the legal drama
A cup of tea is every worker's right

Hard to swallow

Three hospitals in Leicester have banned their staff from drinking tea and coffee in public areas. Christopher Hirst explains why he thinks that a cuppa is every worker's right
Which animals are nearly extinct?

Which animals are nearly extinct?

Conservationists in Kenya are in mourning after the death of a white northern rhino, which has left the species with a single male. These are the other species on the brink
12 best children's shoes

Perfect for leaf-kicking: 12 best children's shoes

Find footwear perfect to keep kids' feet protected this autumn
Anderlecht vs Arsenal: Gunners' ray of light Aaron Ramsey shines again

Arsenal’s ray of light ready to shine again

Aaron Ramsey’s injury record has prompted a club investigation. For now, the midfielder is just happy to be fit to face Anderlecht in the Champions League
Comment: David Moyes' show of sensitivity thrown back in his face by former Manchester United manager Sir Alex Ferguson

Moyes’ show of sensitivity thrown back in his face... by Ferguson

Manchester United legend tramples on successor who resisted criticising his inheritance
Two super-sized ships have cruised into British waters, but how big can these behemoths get?

Super-sized ships: How big can they get?

Two of the largest vessels in the world cruised into UK waters last week
British doctors on brink of 'cure' for paralysis with spinal cord treatment

British doctors on brink of cure for paralysis

Sufferers can now be offered the possibility of cure thanks to a revolutionary implant of regenerative cells
Ranked seventh in world’s best tourist cities - not London, or Edinburgh, but Salisbury

Lonely Planet’s Best in Travel 2015

UK city beats Vienna, Paris and New York to be ranked seventh in world’s best tourist destinations - but it's not London