Canada’s Carney named as surprise Bank of England chief

Britain named Canadian central bank chief Mark Carney on Monday to head the Bank of England, springing the surprise choice of a foreigner to push reform of its troubled financial system.

A former Goldman Sachs investment banker who at the Bank of Canada guided the Canadian economy through the global economic crisis, Carney will succeed Mervyn King who retires in July.

Carney, who already plays a leading role in setting global banking rules, defended his departure from Canada and signalled that bigger problems awaited him in London.

via Business feed http://www.scmp.com/business/economy/article/1091917/canadas-carney-named-surprise-bank-england-chief