April 15, 2016

Deputy Governor of the Bank of England and Chief Executive of the Prudential Regulation Authority Appointed

A&O Shearman

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Sam Woods was appointed Deputy Governor of the Bank of England and Chief Executive of the Prudential Regulation Authority. Mr. Woods will succeed Andrew Bailey on July 1, 2016. Mr. Bailey will move to the Financial Conduct Authority as Chief Executive when Mr. Woods takes on the role of Deputy Governor. Mr. Woods, who previously worked for HM Treasury and in the private sector for Diageo and McKinsey & Company, will take up a renewable term of five years as Deputy Governor.

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