By Maximilian Clarke

Andrew Gracie has been appointed Director of the Bank of England’s Special Resolution Unit and will take up the role later this month.

Andrew joined the Bank in 1990, and worked initially in banking supervision before becoming a manager in the Bank’s Foreign Exchange Division. He was Private Secretary to the Deputy Governor for Financial Stability (David Clementi) in 1998, before joining the Financial Stability Area in 2001. He became a Head of Division in 2003.

In 2006 Andrew left the Bank to set up and run a consultancy specialising in financial crisis management issues, providing services to a number of central banks and international financial institutions. He will have no continuing interest in the consultancy while working for the Bank.

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