BOE Beefs Up Fintech Oversight as Ramsden Takes Charge of Hub

(Bloomberg) -- The Bank of England is beefing up its fintech oversight by making the hub responsible for the industry the direct responsibility of Dave Ramsden, the deputy governor for Markets and Banking.

The unit was previously overseen at the executive director level. The change was apparent in an organizational chart for June posted on the central bank’s website this week.

Other changes at the BOE since April, when the previous structure was published, include Duncan Mackinnon replacing Mike Mitchell as director for International Banks, and Melanie Beaman taking a new role as director for U.K. deposit-takers supervision, a position that replaces Martin Stewart’s previous job as director for Banks, Building Societies and Credit Unions.

Melissa Davey is now director for independent evaluation, taking a position that was previously unfilled.

The posting also confirmed the previously reported appointments of Victoria Cleland to executive director for Banking, Payments & Financial Resilience; Andrew Hauser to executive director for Markets; David Bailey to executive director for Financial Market Infrastructure, and Sarah John as the BOE’s new chief cashier.

To contact the reporters on this story: Lucy Meakin in London at lmeakin1@bloomberg.net;David Goodman in London at dgoodman28@bloomberg.net

To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Brian Swint, Andrew Atkinson

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