Credit Suisse has announced the appointment of Kate Barker, CBE and Sir Alan Budd as Senior Advisors in Fixed Income Research.
Ms Barker and Sir Alan will be based in London and will join Credit Suisse on October 1, 2010. In their roles, Ms Barker and Sir Alan will be working closely with Robert Barrie, Head of European Economics, and the Bank’s Economics and Research teams to provide macroeconomic insight to our clients around the world.
Robert Barrie, Head of European Economics at Credit Suisse, said: “We are pleased to welcome Kate to Credit Suisse. As the longest serving external appointee to the UK Monetary Policy Committee, Kate has a unique insight into the formation of monetary policy. We look forward to her sharing the benefit of her experience with our clients. Likewise, we are delighted to welcome Sir Alan back to Credit Suisse following his break to return to public service.”
Ms Barker brings to Credit Suisse significant experience in public policy. Most recently, she was a member of the Bank of England’s Monetary Policy Committee (MPC) from 2001 until May 2010. During this period, she was responsible for leading two significant policy reviews for Government in relation to housing supply and on land use planning. Prior to joining the Bank of England, Ms Barker was a Chief Economic Advisor at the CBI. She also served as a Non-Executive Director on the Board of the Yorkshire Building Society from 1999-2001. Ms Barker currently serves on the Boards of the Homes and Communities Agency, is Chair of Governors for Anglia Ruskin University and Chair of the Northern Ireland Economic Advisory Group. She was awarded a CBE in 2006 for her services in the field of social housing.
Sir Alan initially joined Credit Suisse in 1999 and was responsible for working with the Bank’s team of economists to advise clients on the outlook for the UK and global economies. Prior to joining Credit Suisse, Sir Alan was a member of the interest rate setting Bank of England Committee, previous to which he served as Chief Economic Advisor to HM Treasury and Head of the Government Economic Service from 1991-1997. He was also Group Economic Advisor at Barclays Bank from 1988-1991 and Director of the Centre for Economic Forecasting at the London Business School for eight years. Sir Alan also served as Provost for Queen College at the University of Oxford. Sir Alan took leave from his capacity as Special Advisor in May 2010 to establish the Office for Budget Responsibility following the recent General Election.
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