Bank of England appoints former Schroders analyst as adviser

Bank Of England

The Bank of England has hired former Morgan Stanley and Schroders analyst Huw van Steenis as an adviser to governor Mark Carney.

The appointment, which is expected to last from six to nine months, will see van Steenis advising on issues such as the impact of new financial technologies, the transition to a low carbon economy and the growth of cross-border financial flows.

Carney said: “Huw van Steenis’s vast experience of both the asset management and banking industry, together with his track record of taking the long-term view on the major structural forces driving the economy, will be invaluable to us in developing our thinking on what the financial system of tomorrow might look like. I greatly appreciate his decision to move into public service and look forward to working with him.”

Van Steenis was most recently global head of strategy at asset manager Schroders. Prior to that he was global head banks and diversified financial research at investment bank Morgan Stanley.

Read more: Bank of England may use Spotify to gauge consumer behaviour

The bank's chief economist Andy Haldane suggested this week that it may start using Spotify to understand people's moods and behaviours.

In a speech earlier this week he discussed potential data tools which could be “expanded to improve the bank’s understanding of the economic and financial system”.

He cited both Spotify downloads and computer games as potential sources of data.

Full story: Bank of England appoints former Schroders analyst as adviser: City A.M.

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