Bank of England poaches Santander retail distribution head Charlotte Hogg

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The Bank of England has hired Santander head of retail distribution and intermediaries Charlotte Hogg as its chief operating officer.

Hogg has been given responsibility for all aspects of the day-to-day management of the Bank, including human resources, finance, property, IT and security. She starts at the central bank on 1 July 2013 and was hired by incoming governor Mark Carney.

The COO role is newly created and reflects the recent increase in the Bank’s front-line functions. The Bank says the role has “status and remuneration equivalent to the three deputy governors”

Hogg joined Santander as its head of retail distribution and intermediaries in 2011, having previously been head of UK and Ireland at credit checking business Experian.

Outgoing Bank governor Mervyn King says: “I am delighted that Charlotte Hogg has accepted the invitation to become the Bank’s first chief operating officer, a position that we have been designing over the past two years in response to the Bank’s new responsibilities.”

Carney adds: “My tenure at the Bank will oversee a significant transition. Charlotte brings an outstanding track record and breadth of experience that will help to catalyse that change and I look forward to working closely with her to realise the full potential of the new institutional structure of the Bank.”