Sarah Breeden has been appointed deputy governor of the Bank of England and will take up the role on 1 November 2023 for a five-year term.

Breeden currently works at the Bank as executive director for financial stability strategy and risk and is a member of the Financial Policy Committee.

She will succeed Sir Jon Cunliffe as the next deputy governor for financial stability (DGFS) at the Bank who has served since 2013.

Breeden will sit on the Financial Policy Committee, the Monetary Policy Committee and the Prudential Regulation Committee.

Breeden will also be a member of the Court of the Bank of England, Chair the Financial Market Infrastructure Board, and represent the Bank of England on a number of national and international bodies.

“I am pleased to appoint Sarah Breeden as the next deputy governor of the Bank of England who brings extensive experience to the role including from her work as a member of the FPC and across monetary, economic and financial matters,” said Jeremy Hunt, chancellor of the exchequer.

“I want to thank Sir Jon Cunliffe for his decade of service as deputy governor of the Bank of England. Over the last 10 years, he has led the Bank’s work on delivering financial stability and has played a key role in ensuring Britain’s financial services are well placed to thrive in the future.”

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