John Footman in key Bank role

The new Bank of England governor, Mervyn King, has set about selecting his top team and slotting people into jobs. Of course his two deputies, Rachel Lomax and Sir Andrew Large, were already in place. Lomax will look after monetary policy, with two executive directors, Charlie Bean (economics) and Paul Tucker (markets) reporting to her. Large is responsible for financial stability and risk management, with Alastair Clarke, executive director, and Merlyn Lowther, the chief cashier, reporting t