Bradley Fried has been appointed Chairman of the Court of the Bank of England effective July 1, 2018. He replaces Sir Anthony Habgood, who has been chairman since 2014. Bradley was a non-executive director on the Court of the Bank of England for six years.
Diana Noble and Anne Glover will also join the bank’s governing body as non-executive directors.
Governor Mark Carney said:
I am delighted that Brad Fried has agreed to take on this important and challenging role for the bank. He will build on the strong foundation Anthony Habgood has built over the past four years. Anthony overhauled the bank’s governance, improving the court’s workings and transparency, leaving a body well-positioned to lead the bank for years to come.
I also welcome the appointment of Diana Noble and Anne Glover to the court. The depth and breadth of her private sector experience will be of great use in the judicial oversight of the bank’s activities. I would also like to thank Tim Frost for his numerous contributions to the court and its committees over the past six years.
Dido Harding, Don Robert and Dorothy Thompson were reappointed as non-executive directors for another term. Tim Frost will step down as a non-executive director effective May 31, 2018.
About the court
The Court of the Bank of England is the governing body responsible for managing the bank’s affairs outside of monetary policy formulation. The court’s responsibilities include setting the Bank of England’s objectives and strategy, and ensuring that the Bank performs its duties effectively and uses its resources in the most efficient manner.
Its members are appointed by the Queen on the recommendation of the Prime Minister and the Chancellor of the Exchequer. The appointment and reappointment processes are regulated by the public appointment office. All court appointments are made on merit and all appointees have confirmed that they have not engaged in any political activity in the past five years.
About the agents
Bradley Fried has been a Non-Executive Director on the Court of the Bank of England since 2012. Prior to his appointment as Chairman, he was Vice-Chairman of the Court and Chairman of the Audit and Risk Committee. He is co-founder of Grovepoint, prior to that he was Chief Executive Officer of Investec Bank plc.
Bradley is currently a non-executive director on the board of the Financial Conduct Authority and Payment System Regulator. After this announcement, he will step down from both offices.
Diana Noble has been the non-executive director of the Business Growth Fund since 2016. She was CEO of CDC Group plc and Executive Vice President of the Clinton Foundations Health Access Initiative from 2011 to 2017. She began her career in private equity as a partner at Schroder Ventures, which became Permira.
Anne Glover is the co-founder and CEO of Amadeus Capital Partners Limited. She is a member of the Council for Science and Technology and the London Business Schools Private Equity Institute Advisory Board. She is an honorary member of the Royal Academy of Engineering. In 2006 she was awarded a CBE for Business Services.
Diana Dido Harding
Diana Harding is currently a non-executive director of the Bank of England’s Court of Directors and Chair of the Banks Remuneration Committee. She sits in the House of Lords as a Conservative peer and is a member of the Lords Economic Affairs Select Committee. She is a trustee of Doteveryone and a member of the UK National Holocaust Foundation Board.
Dido was Chief Executive of TalkTalk Telecom Group plc from 2010 to May 2017 and previously held various business functions.
Don Robert joined the Court of the Bank of England as a non-executive director in July 2014. He is currently the non-executive chairman of Experian plc. Previously, he held executive positions at First American Corp and Credco Inc.
Dorothy Thompson was CEO of Drax Group plc from September 2005 to December 2017. She is also the non-executive director of Eaton Corporation plc and is the nominee chairperson of Tullow Oil.
Prior to joining Drax, Dorothy worked for InterGen, an independent energy company. Dorothy began her career in development banking, working for the Commonwealth Development Corporation in the UK and Malaysia and the National Development Bank of Botswana in Botswana.
Bradley Fried, Diana Noble, Don Robert, and Dorothy Thompson have confirmed they haven’t been politically active in the past five years. Anne Glover stated that she was a volunteer with Democrats overseas and donated $ 10,000 to the Hillary Clinton campaign in 2016. Dido Harding has stated that she will take over the conservative whip in the House of Lords. She has also stated that she has donated around 2,000 to the Conservative Party over the past seven years and is married to Conservative MP John Penrose.
The gender breakdown for this appointment is below:
|Applicants||Preselection for interview by selection committee||representative|
|Chairman of the court||3 men, 2 women||2 men, 0 women||1 man|
|Non-executive director of the court||25 men, 10 women||
Ministerial Departmental News
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