BoE Adds Ex-Deutsche Banker To Board

Bank of England(BoE) has electedMichael Cohrsas a non-executive director for its board,Financial Newsreports. In his new position, Cohrs will manage the bank’s affairs, excluding the formation of monetary policy.

He will supersedeAntónio Horta-Osórioto complete the remainder of his term, ending May 31, 2012. Cohrs is a member ofDeutsche Bank’s advisory board, and an external member of the BoE’s interim Financial Policy Committee. He has previously worked as head of global banking at Deutsche.

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