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He will therefore not seek appointment to a third three-year term as a member of the Financial Policy Committee when his current term ends on 31 March. He will also stand down as the Bank’s Executive Director for Financial Stability Strategy and Risk at that point. With a six-month notice period, Alex will begin his career break at the end of September. The Bank will shortly begin a recruitment process to identify Alex’s replacement.
Alex Brazier said:
“It has been a great privilege to serve as a member of the FPC and as an Executive Director of the Bank. Throughout my career, I’ve been very lucky to have worked with such an incredibly talented group of people, including closely with three Governors. I’m proud of our achievements, particularly in building a safer financial system, better able to serve the wider economy even in difficult times like those of the past year. But after more than 20 years at the Bank, I am excited to be taking the opportunity to seek new challenges and broaden my career.”
Governor of the Bank of England, Andrew Bailey, said:
“Alex has too many achievements at the Bank to list easily. He has also always been an excellent colleague. I wish him very well in his next challenge.”
Deputy Governor for Financial Stability, Jon Cunliffe, said:
“Over the past six years Alex has made a huge contribution to financial stability in the UK. Alex’s ability to combine the conceptual and the pragmatic has enabled the Financial Policy Committee to make effective and timely policy in both business as usual and in crisis. We will miss him.”