BOE deputy governor resigns to become director of LSE

London

BANK of England (BOE) deputy governor Minouche Shafik resigned after just over two years at the institution to lead one of the UK's most high-profile universities.

Ms Shafik, deputy governor for markets and banking, will leave at the end of February 2017 to become director of the London School of Economics (LSE), her alma mater, the central bank said in a statement on Monday. She will take up the new role in September 2017.

The former International Monetary Fund executive joined the BOE in August 2014 and her term of office was due to run until July 2019. Her appointment was part of a shake-up of the central bank by governor Mark Carney, inclu…