August 6, 2019 / 7:41 AM / 18 days ago

Businesswoman Gadhia withdraws from Bank of England job

FILE PHOTO: Jayne-Anne Gadhia, Chief Executive of Virgin Money speaks at the Confederation of British Industry (CBI) annual conference in London, Britain November 9, 2015. REUTERS/Toby Melville

LONDON (Reuters) - Britain’s finance ministry said on Tuesday that Jayne-Anne Gadhia, recently appointed as an executive at U.S. online services provider Salesforce (CRM.N), will no longer take up her appointment on a top Bank of England panel.

Gadhia, formerly chief executive officer of lender Virgin Money, had already delayed her appointment to the BoE’s Financial Policy Committee (FPC) until April 2020, a year later than planned.

Her decision to withdraw puts the lack of diversity in the BoE’s three main monetary, financial and regulation policy committees back in the spotlight. Lawmakers have criticized the finance ministry for appointing too few women to the committees.

There are 17 men currently serving as voting members of the BoE’s main policy committees, compared with five women.

“We are of course sorry that Jayne-Anne Gadhia won’t be taking up her role as an external member on the Financial Policy Committee,” the BoE said in a statement.

The finance ministry said it would launch a new appointment process to fill the vacancy on the FPC, which monitors risks in Britain’s financial system.

Reporting by Andy Bruce; Editing by Guy Faulconbridge and Alison Williams

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