Britain appoints Canada's Carney to head Bank of England
LONDON (AFP) - Britain has named Canadian central bank chief Mark Carney as the new Bank of England governor, the first time a foreigner has been chosen to lead the institution which is in a period of enormous change.
Finance minister George Osborne told lawmakers on Monday that the 47-year-old Carney was the "outstanding central banker of his generation", while Mr Carney himself said he was honoured to be picked.
"He is quite simply the best, most experienced and most qualified person in the world to be the next governor of the Bank of England," Mr Osborne said in his statement to parliament.
Mr Carney, who is currently governor of the Bank of Canada and chair of the global Financial Stability Board (FSB), will take over from Mervyn King, who has led the BoE since 2003 and is due to step down on June 30 next year.