LONDON (Reuters) -Britain’s finance ministry said on Thursday that it had named Stephen Blyth, a mathematician and former banker previously in charge of Harvard University’s endowment fund, to a part-time role on the Bank of England’s Financial Policy Committee.
The FPC monitors risks facing Britain’s financial system and sets rules on bank capital levels and mortgage lending, and is chaired by BoE Governor Andrew Bailey.
Blyth has been principal of the University of Oxford’s Lady Margaret Hall since 2022 and started his career as a maths lecturer before holding senior positions at Morgan Stanley and Deutsche Bank.
Blyth later became chief executive of Harvard University’s endowment fund, the largest of any university and worth $53 billion last year, alongside being a statistics professor.
“His distinguished experience in academic leadership and financial management will be of great value to the committee’s work,” Bailey said in a statement welcoming Blyth’s appointment.
Blyth succeeds Colette Bowe who served as an external member of the committee for six years until the end of August.
The British government also said that it had reappointed Randall Kroszner, a former U.S. Federal Reserve official, to a second three-year term on the FPC.
(Reporting by William James, writing by David Milliken; Editing by Susan Fenton)
