Goldman Sachs chairman would consider Bank of England role
Goldman Sachs Asset Management chairman Jim O’Neill says he would consider the Bank of England governor’s role if approached.
O’Neill, who has been touted as Mervyn King’s successor, says there has been “increasing intensity” linking him to the role, in an interview with Bloomberg TV.
He says: “If I was approached, it would be very flattering and something I would have to think about.”
However, O’Neill says he has not been approached and would be required to formally apply for the role when it is advertised.
O’Neill says if he were to take on the job he would address the central bank’s inflation targeting role arguing that it had not been “sufficient”. He says he would also step up monitoring of credit behaviour and parts of bank lending.
The Goldman Sachs chairman is the latest high profile candidate to be linked with King’s job, prompting concerns by Treasury Select Committee chairman Andrew Tyrie about the recruitment process.
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