The government’s Treasury department has considered sourcing a replacement for its lead policymaker on Brexit from its senior executives’ own “wide contacts” pool, in an accelerated recruitment process which could conclude as early as next month. 

The department’s plans to replace its outgoing director-general for financial services, Katharine Braddick, show senior Treasury officials weighing up the “cost/benefit” of using a headhunter to secure candidates when its most senior staff might be able to tap up their networks instead. Financial News obtained the plans via a Freedom of Information request.