The Bank of England has appointed ex-Goldman Sachs banker Huw Pill as its new chief economist and executive director for monetary analysis.

Pill, who will also become a member of the monetary policy committee, is joining the central bank from Harvard Business School, where he has been a senior lecturer since 2018. Prior to that, he was chief European economist at Goldman Sachs from 2011 to 2018 and worked at the European Central Bank from 2001 to 2011.