Jon Hall (1992, Physics and Philosophy) has been appointed as an external member of the Bank of England’s Financial Policy Committee (FPC), the Chancellor of the Exchequer, Rishi Sunak has announced.
The FPC is the UK’s macroprudential regulator. Its objective is to protect and enhance the stability of the UK’s financial system by identifying, monitoring and addressing systemic risks. Jon, who has 25 years of experience working in the financial markets, will join the 13-person team, working alongside the governor of the Bank of England and the chief executive of the Financial Conduct Authority, as well as other Bank of England staff, experts in financial services, and a representative of HM Treasury.
Announcing Jon’s appointment, Rishi Sunak said: “The role of the FPC in enhancing and protecting the stability of the UK’s financial system has never been more important, and having highly qualified people on the committee is key. That’s why I’m very pleased to welcome Jonathan to the role. His wide-ranging expertise and experience built up over years working in financial markets will be hugely beneficial as we work to open up the economy following the Coronavirus pandemic, underpinned and supported by our world-leading financial system.”
Andrew Bailey, the governor of the Bank of England, said: “Jonathan has a wealth of experience and I look forward to welcoming him to the FPC. As a committee, more than ever as we address the economic challenges of the pandemic, we need to protect and enhance the resilience of the UK financial system. I am certain that Jonathan’s insights from financial markets will prove invaluable to our financial policymaking decisions.”
Jon will serve a three-year term, beginning on 1 September 2020. He has previously worked at Goldman Sachs, Credit Suisse and, most recently, as a portfolio manager, Eisler Capital, which he helped to establish and grow as an organisation. He is a member of the Founders Circle of the Institute for the Future of Work and also provides Exeter College with advice on its fundraising activities and alumni outreach as a member of the College’s Development Committee.
Rector Professor Sir Rick Trainor commented: “Jon’s appointment deserves many congratulations. He has been appointed against very stiff competition, which is a great tribute to his talents and experience.
“The role will undoubtedly be very interesting, and it’s very good for the Bank of England, and the UK more generally, that they will have direct access to Jon’s expertise.”