September 7, 2017 / 12:36 PM / 10 months ago

CORRECTED-UPDATE 1-MOVES-Former BoE deputy Hogg to join Visa as Europe unit CEO

(Corrects 5th para to make clear Hogg is replacing Bill Sheedy)

Sept 7 (Reuters) - Visa Inc, the world’s largest payments processor, on Thursday named former Bank of England (BoE) deputy governor Charlotte Hogg as chief executive of its Europe division.

Hogg, who resigned from the BoE in March over concerns about a potential conflict of interest, will take the top job at Visa Europe from Oct. 1.

Hogg left the British central bank after failing to disclose that her brother held a senior position at Barclays, one of the biggest lenders overseen by the BoE. The potential conflict of interest had prompted an unprecedented rebuke from British lawmakers.

Before her role at the BoE, Hogg led retail distribution for Santander in the UK and previously worked at Experian Plc as managing director of its UK and Irish operations.

She replaces Bill Sheedy as Visa Europe’s chief executive. Sheedy is to return to his previous role in the United States, overseeing Visa’s global strategy, M&A, global policy and government relations.

Visa acquired Visa Europe, its former subsidiary, in June last year. (Reporting by Nikhil Subba in Bengaluru; Editing by Sai Sachin Ravikumar)

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