Andrew Bailey

Andrew John Bailey (born March 30, 1959) is a British banker, who was the Executive Director Banking and Chief Cashier at the Bank of England from January 2004 until April 2011. He is a member of the Governor's Executive Team, which is the bank's senior management group.^[1] As Chief Cashier, Bailey's signature appears on all bank notes issued by the bank since his appointment.^[2]

Bailey studied at Queens' College, Cambridge, where he gained a BA and a PhD. He then became a research officer at the London School of Economics, before joining the Bank of England in 1985.

He has worked at the Bank in a number of areas, most recently as Executive Director for Banking Services and Chief Cashier, as well as Head of the Bank’s Special Resolution Unit (SRU). Previous roles include Governor’s Private Secretary, and Head of the International Economic Analysis Division in Monetary Analysis.

Since the onset of the financial crisis in August 2007 and until April 2011, Bailey was responsible for the Bank’s special operations to resolve problems in the banking sector, and in 2009 was Chairman and Chief Executive of Dunfermline Building Society Bridge Bank Ltd. His involvement in special operations also extended to taking responsibility for the so-called London Approach, in which the Bank uses its influence to seek resolution of problems in company refinancing and other such issues. At the Bank, Bailey remains a member of the Governor’s Executive Team.^[1]

In 2013, Bailey will become the Deputy Chief Executive of the new Prudential Regulation Authority.^[1]

References

1. ^ ^{a b c} About the Bank | People | Andrew Bailey – Executive Director and Head of the Prudential Business Unit. Bank of England. Retrieved on 2012-04-28.
2. ^ [1]^{[dead link]}

External links

• Profile at the FSA
• Profile at Director Check

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