Jonathan Bewes appointed as Non-Executive Director to the Court of the Bank of England
In this role Jonathan will also become the Chair of the Court鈥檚 Audit and Risk Committee and will take up the role later this Autumn.
皇冠体育app Chancellor has announced that Jonathan Bewes has been appointed as a new Non-Executive Director of the Court of the Bank of England, and will become the Chair of the Court鈥檚 Audit and Risk Committee. His Majesty 皇冠体育app King has approved the appointment.
Jonathan聽will take up his role in Autumn 2023 for a term lasting four years.
皇冠体育app Bank鈥檚 Court acts as the governing body responsible for setting the organisation鈥檚 strategy, budget and taking key decisions on resourcing and appointments. 皇冠体育app Audit and Risk Committee assists Court in meeting its responsibilities for an effective system of risk management, internal control and financial reporting, among other duties.
David Roberts, the Chair of the Bank鈥檚 Court, said:
鈥淚 am delighted to welcome Jonathan Bewes to the Bank of England鈥檚 Court of Directors. Jonathan will Chair the Bank鈥檚 Audit and Risk Committee, a sub-Committee of Court. Jonathan鈥檚 extensive experience, expertise and skills will provide both Committees and the Bank with key insights and challenge.鈥�
About the appointments
皇冠体育app Bank of England is the central bank of the UK. It is governed by the board of directors known as the Court of Directors. Further information can be found at the .
All members of Court are appointed by His Majesty the King, on the recommendation of the Prime Minister and the Chancellor of the Exchequer.
Public appointments are made on merit following a fair and open competition process. In accordance with the original Nolan recommendations, there is a requirement for appointees鈥� political activity (if any is declared) to be made public. Jonathan has confirmed he has not engaged in any political activity in the last five years
This appointment is regulated by the Commissioner for Public Appointments, who provides independent assurance that appointments are made in accordance with the Government鈥檚 Principles of Public Appointments and Governance Code.
About Jonathan Bewes
Since qualifying as a Chartered Accountant with KPMG, Jonathan has spent over 30 years in the Banking Industry. 皇冠体育app majority of this time was spent with Robert Fleming, UBS and Bank of America Merrill Lynch acting as an Investment Banking adviser to the Boards of large, predominantly U.K. public companies on a wide range of financial, strategic and governance issues. From 2017 until earlier this year, he served as Vice Chairman, Corporate and Institutional Banking at Standard Chartered Bank. Jonathan also sits on the Board of Next plc, where he is the Senior Independent Director and chairs the Audit Committee and on the Board of Sage Group plc, where he chairs the Audit and Risk Committee