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06 October 2009

HM Treasury appoints Senior Adviser on financial stability issues

HM Treasury announces the appointment of Alastair Clark as Senior Adviser on financial stability issues. Alastair has had a long and distinguished career at the Bank of England, including seven years as Executive Director (Financial Stability), and as adviser to the Governor on financial sector issues.

Commenting on the appointment Tom Scholar, Second Permanent Secretary to the Treasury, said:

“I am delighted that Alastair has agreed to join us - we will all benefit greatly from his experience and knowledge of many of the issues we face.”

Notes for editors

1.  Alastair Clark, 60, will be working 2 days a week at the Treasury as an advisor on financial stability issues. Alastair has worked at the Bank of England (1971 - 2008) in a variety of roles, most recently as Executive Director, Financial Stability (1997-2003, reappointed in 2007-2008) and as Adviser to the Governor on the Financial Sector (2003-2007).

2. Alastair Clark retired from the Bank of England as Executive Director (Financial Stability) and Advisor to the Governor in Easter 2007, Mervyn King asked him to rejoin in September 2007 at the onset of the financial crisis. He left the Bank of England in Autumn 2008.

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