Andrew Bailey Biography
Andrew Bailey was born Andrew John Bailey in Leicester, England, United Kingdom. He is a British central banker and a former Deputy Governor of the Bank of England from April 2013 to July 2016.
From January 2004 until April 2011 Bailey also served as served as the bank’s chief cashier. Currently, he is serving as the chief executive officer of the Financial Conduct Authority. From February 2020, Bailey will take over as Governor of the Bank of England.
Andrew Bailey Age
Bailey was born in March 1959 in Leicester, United Kingdom. He is 60 years old as of 2019.
Andrew Bailey Wife
Bailey is happily married to Cheryl Schonhardt-Bailey, a Professor in Political Science within the Government Department of the London School of Economics and Political Science.
Andrew Bailey Net Worth
Details about Bailey’s net worth are not known. However according to some online sources he is believed to have an approximated net worth of $500K-$1 million U.S dollars.
Andrew Bailey Education
Bailey went to Wyggeston Boys’ Grammar School, Leicester and later joined Queens’ College, Cambridge, where he graduated with a BA in History and a PhD.
Andrew Bailey Career
Bailey started his career as research officer at the London School of Economics, but later joined the Bank of England in 1985. At Bank of England, Bailey has held different positions, most recently as executive director for banking services and as chief cashier, and also head of the bank’s Special Resolution Unit (SRU). Bailey’s previous roles include Governor’s private secretary, and head of the International Economic Analysis Division in Monetary Analysis.
Bailey was responsible for the bank’s special operations, since August 2007 after the onset of the financial crisis until April 2011, to resolve problems in the banking sector. He was the chairman and chief executive of Dunfermline Building Society Bridge Bank Ltd in 2009.
Bailey became the chief executive of the new Prudential Regulation Authority on 1 April 2013 and the first deputy governor of the Bank of England for Prudential Regulation. It was announced on 26 January 2016, that Andrew Bailey will take over as CEO of the UK Financial Conduct Authority to replace Tracey McDermott, who became acting CEO after Martin Wheatley resigned following a vote of no confidence by George Osborne in July 2015. It was reported on 3 June 2019, in The Times that Bailey was the favourite to replace Mark Carney as the new Governor of the Bank of England.