December 19, 2019 / 10:01 PM / a month ago

Andrew Bailey selected as Bank of England governor: FT

FILE PHOTO: Andrew Bailey, Chief Executive Officer of the Financial Conduct Authority, speaks during a "Reuters Newsmaker" interview at the Reuters offices in London, Britain, July 6, 2017. REUTERS/Hannah McKay

(Reuters) - Andrew Bailey, the Bank of England's former deputy governor, has been selected as the British central bank's governor, the Financial Times reported on Thursday.

The appointment is set to be announced by finance minister Sajid Javid as early as Friday, the newspaper added.

Bailey currently serves as the head of the Financial Conduct Authority.

(This story corrects to clarify that UK government appoints BoE governor, not the central bank)

Reporting by Akshay Balan in Bengaluru; Editing by Shinjini Ganguli

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