Your bank notes will soon have a new name on them
The Bank of England today announced the appointment of Sarah John as chief cashier, making her the next person whose name will grace British bank notes.
John will become the 33rd chief cashier, following in the steps of the Bank's current executive director for markets, Chris Salmon, and the man widely tipped to be the next governor, current Financial Conduct Authority boss Andrew Bailey.
She will take over on 1 June from Victoria Cleland, who was last week promoted to be executive director for banking, payments, and financial resilience.
Read more: New £20 notes to be made with palm oil after fatty fiver fiasco
Bank of England governor Mark Carney said: “Banknotes play a central role in public life and are a crucial part of the Banks mission to maintain monetary stability. I am delighted that Sarah will be leading this area."
John previously worked as head of the Bank's sterling markets division, as well as other roles across monetary policy and financial stability functions.
The new hire means John will sign the new £20 note, which features the artist JMW Turner on its reverse.
The note will be manufactured by British firm De La Rue, which won a 10-year contract to supply the polymer substrate to the Bank in October.
Activist investor Crystal Amber today disclosed it has taken a 3.11 per cent stake in the firm, according to stock exchange filings, following Basingstoke-based De La Rue's high-profile defeat in the battle to produce the UK's new blue passports after Brexit.
The deal to supply passports was won by Franco-Dutch firm Gemalto, in spite of a short-lived campaign by De La Rue to overturn the decision following criticisms from some British politicians.
Read more: The government should be combatting protectionist sentiment in all forms
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