Lord Sassoon to be next BoE governor?

2 March 2012

Lord Sassoon is among a number of possible candidates who could replace Sir Mervyn King as governor of the Bank of England next year.

The commercial secretary to the Treasury has emerged as a contender for the prestigious post after being named in the book The Bank: Inside the Bank of England by Dan Conaghan, the Daily Telegraph reports.

Mr Conaghan noted Lord Sassoon - who has held his current position since May 2010 - is close to a number of leading political figures, including prime minister David Cameron and chancellor of the exchequer George Osborne, adding his name was often mentioned among top industry professionals.

It is the first time his name has been linked with the job and should he be handed the role, it would be the first time in 30 years that an external appointment has been made.

In the book, Mr Conaghan wrote: "His name crops up with regularity, particularly among Bank insiders."

By Tony Aynsley

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