Bank of England

Deputy Governor of the Bank of England Stepping Down

Has been at the central bank for 30 years


LONDON—Paul Tucker, the deputy governor of the Bank of England who lost out on the top job to Mark Carney, is to leave the U.K. central bank and take up a post in the U.S.

The BOE said Friday that the precise date of Mr. Tucker's departure has yet to be decided but that he would likely leave in the fall. He intends to spend some time in academia in the U.S., the central bank said.

"It has been an extraordinary honor to serve at the Bank of England over the past thirty years," Mr. Tucker said in a statement.

Mr. Tucker's departure doesn't come as a surprise. Long considered a front-runner to succeed outgoing Governor Mervyn King, analysts suspected he may leave after Chancellor of the Exchequer George Osborne announced Bank of Canada Governor Mark Carney would succeed Mr. King in July.