by Szu Ping Chan and James Quinn
Dame Minouche Shafik, deputy governor of the Bank of England, has resigned from the central bank after just two years in the role.
The 54 year-old, who is responsible for markets and banking and is one of the nine members of the Bank’s rate-setting Monetary Policy Committee, is to become director of the London School of Economics (LSE).
She will become the first woman to lead the institution on a permanent basis.
It is understood that Dame Minouche, who completed her masters at the LSE and has held top jobs at the International Monetary Fund and the Department for International Development, is cutting short her five year term to start her “dream job”.