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Two new lawyer jobs for the BoE

26th February 2014

Two new legal posts have been created by the Bank of England as a way of handling the growth in legal work that has come out of its financial services regulatory body, the Prudential Regulation Authority. 

The two positions are those of the head of financial stability and market infrastructure and a leading post on the markets and banking team.

The two new lawyer jobs have been filled by promotions for the head of the Bank of England’s insurance division, Jonathan Grant, and Jacqueline Joyston-Bechal, with each having worked at the bank for around ten years. Both are set to report to the chief legal officer Graham Nicholson, who has worked at the bank since 2008, having come from a partner position at Freshfields Bruckhaus Deringer.

The new promotions are said to have come as a result of the increasing workload that has been created by the Prudential Regulation Authority, according to this article, which is a subsidiary of the Bank of England, regulating about 1,700 financial firms.