New board members for PRA 04 August 2014London Reporter: Catherine Van de Stouwe
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The court of directors of the Bank of England has appointed Sandra Boss and Mark Yallop as independent members to the board of the Prudential Regulation Authority (PRA).
Boss joins the bank from the London office of McKinsey & Company, where she had previously been director. She will start at the bank on 1 September.
Yallop is currently CEO of UBS and will be joining the bank from 1 December.
As well as Boss and Yallop, the court of directors also welcomes Minouche Shafik and Paul Fisher to the PRA board.
Mark Carney, chair of the PRA board, said: “I am delighted to welcome Sandra Boss and Mark Yallop to the PRA Board as independent members, and Minouche Shafik and Paul Fisher as Bank members. “
“The Board will greatly benefit from their combined expertise and diverse experience as we further engrain a forward looking and judgement-based approach to prudential supervision in the UK.”
The Chancellor of the Exchequer approved the appointments of Boss and Yallop.
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